# Fed raises key rate and sees possible acceleration in hikes | AP News

> The Federal Reserve raised its key short-term rate by a quarter point to 1.75%-2.00% on June 13, 2018. Officials cited steady growth, a strong job market and inflation reaching the 2% target.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/64439-fed-raises-key-rate-and-sees-possible-acceleration-in-hikes-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher U.S. rates strengthen the dollar and raise the cost of holding non-yielding assets, which tends to pressure dollar-priced commodities including feed grains and oilseeds.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-14 | [Fed raises key rate and unveils plan to reduce bond holdings \| AP News](https://feedsoft.ai/events/70401-fed-raises-key-rate-and-unveils-plan-to-reduce-bond-holdings-ap-news.md) | +0.6% | -0.9% |
| DXY | 2018-03-21 | [Fed hikes rates and raises GDP forecast again](https://feedsoft.ai/events/65902-fed-hikes-rates-and-raises-gdp-forecast-again.md) | -0.8% | -1.3% |
| 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 | 2017-03-15 | [Fed raises rate and sees more hikes as US economy improves - Chicago Sun-Times](https://feedsoft.ai/events/71927-fed-raises-rate-and-sees-more-hikes-as-us-economy-improves-chicago-sun-times.md) | -1.5% | -1.3% |
| DXY | 2018-12-20 | [Fed lifts rates for 4th time this year but sees fewer hikes \| AP News](https://feedsoft.ai/events/61490-fed-lifts-rates-for-4th-time-this-year-but-sees-fewer-hikes-ap-news.md) | -0.1% | -1.1% |
| CORN | 2017-06-14 | [Fed raises key rate and unveils plan to reduce bond holdings \| AP News](https://feedsoft.ai/events/70401-fed-raises-key-rate-and-unveils-plan-to-reduce-bond-holdings-ap-news.md) | -2.1% | -0.3% |
| CORN | 2018-03-21 | [Fed hikes rates and raises GDP forecast again](https://feedsoft.ai/events/65902-fed-hikes-rates-and-raises-gdp-forecast-again.md) | -0.0% | +4.4% |
| CORN | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | -2.5% | -0.4% |

## Sources

- apnews.com: https://apnews.com/article/0c1626586e8840ba97b942287bb0edac

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