# Fed's minutes pave way for two more rate hikes in 2018

> Fed minutes from the late July and early August meeting show policymakers held rates at 1.75% to 2.0% while signaling further tightening. Members flagged the global trade dispute as a risk, and the dollar index traded near 95.2.

- Date: 2018-08-22 · published 2018-08-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/63698-fed-s-minutes-pave-way-for-two-more-rate-hikes-in-2018
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Signals of further rate hikes support the dollar, which tends to pressure US commodity export prices and emerging-market import demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-16 | [Fed officials divided in July over need for more rate hikes, minutes show \| Reuters](https://feedsoft.ai/events/34479-fed-officials-divided-in-july-over-need-for-more-rate-hikes-minutes-show-reuters.md) | +0.1% | +0.7% |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |
| 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 | 2018-08-22 | [FOMC minutes: More hikes coming soon; trade a worry \| Reuters](https://feedsoft.ai/events/63459-fomc-minutes-more-hikes-coming-soon-trade-a-worry-reuters.md) | -0.5% | -0.2% |
| DXY | 2018-12-19 | [Gold falls as Fed raises rates, indicates further hikes for 2019](https://feedsoft.ai/events/61491-gold-falls-as-fed-raises-rates-indicates-further-hikes-for-2019.md) | -0.3% | -1.6% |

## Sources

- economies.com: https://www.economies.com/forex/news/feds-minutes-pave-way-for-two-more-rate-hikes-in-2018-24176

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