# FOMC minutes: More hikes coming soon; trade a worry | Reuters

> The Federal Reserve's July FOMC minutes signalled that further rate hikes are on the way, with trade tensions flagged as a concern. The minutes were released to a market already focused on the path of U.S. monetary policy.

- Date: 2018-08-22 · published 2018-08-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/63459-fomc-minutes-more-hikes-coming-soon-trade-a-worry-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected rate hikes support the dollar, which tends to pressure dollar-priced commodities and weigh on export demand for U.S. feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-02 | [Dollar jumps vs yen as Fed officials hint more rate hikes coming \| Reuters](https://feedsoft.ai/events/40270-dollar-jumps-vs-yen-as-fed-officials-hint-more-rate-hikes-coming-reuters.md) | +0.4% | +1.7% |
| DXY | 2023-02-27 | [Oil futures slip 1% on worries about more U.S. interest rate hikes \| Reuters](https://feedsoft.ai/events/37486-oil-futures-slip-1-on-worries-about-more-u-s-interest-rate-hikes-reuters.md) | -0.7% | -0.9% |
| DXY | 2021-05-19 | [FOMC minutes reveal more talk of taper at April meeting](https://feedsoft.ai/events/47284-fomc-minutes-reveal-more-talk-of-taper-at-april-meeting.md) | +0.0% | +0.3% |
| DXY | 2018-08-22 | [Fed's minutes pave way for two more rate hikes in 2018](https://feedsoft.ai/events/63698-fed-s-minutes-pave-way-for-two-more-rate-hikes-in-2018.md) | -0.5% | -0.2% |
| 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

- reuters.com: https://www.reuters.com/article/business/fomc-minutes-more-hikes-coming-soon-trade-a-worry-idUSKCN1L71Z1/

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