# Powell says we're 'a long way' from neutral on interest rates

> Fed Chair Jerome Powell said the central bank is 'a long way' from neutral rates and more hikes are likely. The euro hit its highest since August 21 during his remarks, and the funds rate target range was 2% to 2.25%.

- Date: 2018-10-03 · published 2018-10-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62449-powell-says-we-re-a-long-way-from-neutral-on-interest-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of further hikes support the dollar and tighten global financial conditions, which can pressure dollar-priced commodities and emerging-market currencies. The impact on feed prices is indirect.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.4% | -3.7% |
| DXY | 2021-10-25 | [Dollar rises from one-month low on prospect of higher interest rates \| Reuters](https://feedsoft.ai/events/7163-dollar-rises-from-one-month-low-on-prospect-of-higher-interest-rates-reuters.md) | +0.4% | +1.7% |
| DXY | 2026-01-01 | [Fed sees only one rate cut in 2026; no hike ahead, says Powell](https://feedsoft.ai/events/21688-fed-sees-only-one-rate-cut-in-2026-no-hike-ahead-says-powell.md) | +0.3% | -1.5% |
| DXY | 2021-12-15 | [Latam FX drops on rising U.S. interest rate risk \| Central bank \| NDA News UK](https://feedsoft.ai/events/43877-latam-fx-drops-on-rising-u-s-interest-rate-risk-central-bank-nda-news-uk.md) | -0.1% | -1.8% |
| DXY | 2024-12-18 | [U.S. Federal Reserve cuts interest rates by another quarter point \| CBC News](https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news.md) | +0.7% | +1.5% |
| EURUSD | 2025-04-24 | [ECB's Rehn says central bank may need to lower interest rates, Bloomberg News reports](https://feedsoft.ai/events/25339-ecb-s-rehn-says-central-bank-may-need-to-lower-interest-rates-bloomberg-news.md) | -0.0% | -0.1% |
| EURUSD | 2021-10-25 | [Dollar rises from one-month low on prospect of higher interest rates \| Reuters](https://feedsoft.ai/events/7163-dollar-rises-from-one-month-low-on-prospect-of-higher-interest-rates-reuters.md) | -0.7% | -3.2% |
| EURUSD | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | +0.5% | -0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/03/powell-says-were-a-long-way-from-neutral-on-interest-rates.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.