# Market Report: Fed Funds Rate increased 0.25% — Goldmoney

> Gold lost about $18 after the Fed's quarter-point hike, with spot near $1,183.5 in early European trade on Friday. A sharp rally in the dollar index, which rose 0.75% on the day, drove the decline.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62955-market-report-fed-funds-rate-increased-0-25-goldmoney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp dollar rally makes dollar-priced commodities more expensive for holders of other currencies, which can soften import demand. The move is a routine price reaction with limited direct effect on feed supply.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-05-04 | [Market Report: FOMC Minutes Mark The Low — Goldmoney](https://feedsoft.ai/events/64948-market-report-fomc-minutes-mark-the-low-goldmoney.md) | +0.2% | +1.5% |
| DXY | 2022-09-21 | [Federal Reserve Meeting Fed Makes Another Big Rate Increase](https://feedsoft.ai/events/10326-federal-reserve-meeting-fed-makes-another-big-rate-increase.md) | +2.6% | +2.6% |
| DXY | 2017-12-13 | [Fed Raises Rates, Eyes 2018 Increases - Sharecafe](https://feedsoft.ai/events/67734-fed-raises-rates-eyes-2018-increases-sharecafe.md) | -0.4% | -1.8% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2019-04-30 | [Market alert: Will the Fed cut interest rates? \| XTB](https://feedsoft.ai/events/59760-market-alert-will-the-fed-cut-interest-rates-xtb.md) | -0.1% | +0.7% |

## Sources

- goldmoney.com: https://www.goldmoney.com/research/market-report-fed-funds-rate-increased-0-25

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