# Fed raises rates for 3rd time this year with 1 more expected | AP News

> The Fed raised rates by a quarter point to 2%-2.25%, its eighth hike since late 2015 and third of 2018. It kept its forecast for three more hikes in 2019.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/62954-fed-raises-rates-for-3rd-time-this-year-with-1-more-expected-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A signalled path of further hikes keeps the dollar supported, which can cap dollar-priced commodity prices and raise import costs for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-20 | [Fed lifts rates for 4th time this year but sees fewer hikes \| AP News](https://feedsoft.ai/events/61490-fed-lifts-rates-for-4th-time-this-year-but-sees-fewer-hikes-ap-news.md) | -0.1% | -1.1% |
| DXY | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | +1.6% | +0.9% |
| DXY | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | -0.3% | -1.3% |
| DXY | 2017-06-16 | [US Fed indicates more rate hikes this year; what this means for Indian rupee](https://feedsoft.ai/events/70794-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee.md) | +0.3% | -1.7% |
| DXY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | +0.0% | -1.3% |

## Sources

- apnews.com: https://apnews.com/article/69cfa70f4cc24178aa3bef0ee61d44f7

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