# U.S. Dollar Remains on Front Foot after Federal Reserve Upgrades Economic Forecasts and Flags More Rate Hikes to Come: Analysts Give their Views

> The Fed raised the funds rate to 2% to 2.25%, its eighth hike since 2015, and dropped 'accommodative' from its statement. It raised its 2018 and 2019 growth forecasts to 3.1% and 2.5%, and its dot plot still points to rates peaking near 3.4% in 2020. The dollar advanced after the release.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/63242-u-s-dollar-remains-on-front-foot-after-federal-reserve-upgrades-economic
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher projected US rates and growth support the dollar, which raises the cost of dollar-priced feed ingredients for importers and can weigh on US commodity values. The hike was widely expected, so the change in the outlook drove the move.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |
| DXY | 2026-05-19 | [US Federal Reserve, RBA interest rates:  Why a hot US economy and Middle East conflict weight on Australian dollar](https://feedsoft.ai/events/19506-us-federal-reserve-rba-interest-rates-why-a-hot-us-economy-and-middle-east.md) | +0.1% | +0.2% |
| DXY | 2017-03-12 | [Canadian bonds, loonie brace for U.S. Federal Reserve rate hike - The Globe and Mail](https://feedsoft.ai/events/72217-canadian-bonds-loonie-brace-for-u-s-federal-reserve-rate-hike-the-globe-and-mail.md) | -1.1% | -1.3% |
| DXY | 2017-09-21 | [No Game-Changer for the US Dollar: Reactions to the Federal Reserve's September Update](https://feedsoft.ai/events/69150-no-game-changer-for-the-us-dollar-reactions-to-the-federal-reserve-s-september.md) | +1.5% | +1.9% |
| DXY | 2022-09-21 | [U.S. dollar soars to two-decade high as Fed flags more large hikes \| Reuters](https://feedsoft.ai/events/8605-u-s-dollar-soars-to-two-decade-high-as-fed-flags-more-large-hikes-reuters.md) | +2.6% | +2.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/9993-u-s-dollar-today-federal-reserve-interest-rate-decision-and-projections-in-focus

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