# Powell says strong economy will keep rate hikes coming | AP News

> Fed Chairman Powell said the strong US economy will keep interest rate hikes coming, with the key rate now in a 1.75 to 2 percent range after hikes in March and June. The Fed has raised rates several times since 2015.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/63944-powell-says-strong-economy-will-keep-rate-hikes-coming-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates strengthen the dollar, which tends to weigh on dollar-priced grains and oilseeds and on emerging-market currencies that buy them.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-03-22 | [With fate of economy in his hands, Powell plays it low-key \| AP News](https://feedsoft.ai/events/65908-with-fate-of-economy-in-his-hands-powell-plays-it-low-key-ap-news.md) | -0.8% | -1.3% |
| DXY | 2026-01-01 | [Fed sees only one rate cut in 2026; no hike ahead, says Powell](https://feedsoft.ai/events/21688-fed-sees-only-one-rate-cut-in-2026-no-hike-ahead-says-powell.md) | +0.3% | -1.5% |
| DXY | 2016-12-14 | [US raises key interest rate by 0.25% on strengthening economy - BBC News](https://feedsoft.ai/events/5969-us-raises-key-interest-rate-by-0-25-on-strengthening-economy-bbc-news.md) | +1.6% | +0.9% |
| DXY | 2018-06-13 | [Fed raises key rate and sees possible acceleration in hikes \| AP News](https://feedsoft.ai/events/64439-fed-raises-key-rate-and-sees-possible-acceleration-in-hikes-ap-news.md) | +1.3% | +0.6% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |

## Sources

- apnews.com: https://apnews.com/article/9c8f573dfaa64d8c91920d6bf25cac40

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