# Text of the Fed's statement after its meeting Wednesday | AP News

> The Fed's post-meeting statement says the Committee decided to raise the federal funds target range to 2% to 2-1/4%. It also says further gradual increases are expected.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/62953-text-of-the-fed-s-statement-after-its-meeting-wednesday-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Confirmation of further gradual hikes supports a firmer dollar, which can pressure dollar-denominated grain, oilseed and energy prices. Buyers in other currencies face higher effective costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-20 | [Live Coverage of the Fed's September Meeting](https://feedsoft.ai/events/34006-live-coverage-of-the-fed-s-september-meeting.md) | +1.1% | +2.2% |
| DXY | 2021-06-17 | [Global Stocks Tumble, Gold Slides After the Fed Meeting - Markets Insider](https://feedsoft.ai/events/12553-global-stocks-tumble-gold-slides-after-the-fed-meeting-markets-insider.md) | +1.1% | +1.7% |
| DXY | 2021-09-22 | [Fed Holds the Course at September 2021 Meeting](https://feedsoft.ai/events/44963-fed-holds-the-course-at-september-2021-meeting.md) | +0.4% | -0.3% |
| DXY | 2017-06-20 | [Baht weakens against dollar after Fed official’s comments - ThaiResidents.com - Thai Local News - Thai News](https://feedsoft.ai/events/70786-baht-weakens-against-dollar-after-fed-official-s-comments-thairesidents-com.md) | +0.0% | -2.1% |
| DXY | 2024-01-24 | [Investors temper US rate cut bets as Fed meeting looms](https://feedsoft.ai/events/32288-investors-temper-us-rate-cut-bets-as-fed-meeting-looms.md) | -0.4% | -0.1% |

## Sources

- apnews.com: https://apnews.com/general-news-5f23779b6a42484ba5a91935ec87d668

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