# Powell signals no need for speed when it comes to Fed rate hiking

> Federal Reserve Chair Jerome Powell said at the Jackson Hole symposium that gradual rate hikes remain appropriate and that inflation is not accelerating. Stocks rose, bond yields fell and the dollar slid on the remarks.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/63461-powell-signals-no-need-for-speed-when-it-comes-to-fed-rate-hiking
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A less aggressive Fed path eases pressure on the dollar, which supports dollar-priced commodities and can help U.S. export competitiveness.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-30 | [Fed cuts rates for a 3rd time but signals it will now pause \| AP News](https://feedsoft.ai/events/56484-fed-cuts-rates-for-a-3rd-time-but-signals-it-will-now-pause-ap-news.md) | +0.1% | +1.0% |
| DXY | 2025-08-22 | [Commodity Prices Surge As Powell Signals September Fed Rate Cut \| FXEmpire](https://feedsoft.ai/events/23247-commodity-prices-surge-as-powell-signals-september-fed-rate-cut-fxempire.md) | -0.7% | -1.1% |
| DXY | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | -1.0% | -0.7% |
| DXY | 2021-02-01 | [Dollar inches lower after Fed's Powell says not hiking rates anytime soon](https://feedsoft.ai/events/49342-dollar-inches-lower-after-fed-s-powell-says-not-hiking-rates-anytime-soon.md) | +0.3% | +0.5% |
| DXY | 2024-08-23 | [South African rand jumps as Fed's Powell signals lower rates](https://feedsoft.ai/events/29087-south-african-rand-jumps-as-fed-s-powell-signals-lower-rates.md) | -0.1% | -0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/08/24/powell-signals-no-need-for-speed-when-it-comes-to-fed-rate-hiking.html

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