# Forexlive Americas FX new wrap: FOMC raised rates by 0.25% and signals 2 more in 2018

> The FOMC raised the federal funds target range to 1.75%-2.00% on June 13, 2018 and signaled two more hikes in 2018. Markets reacted with stocks closing lower and the dollar firming, while crude oil rose after an inventory draw and Bitcoin fell.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/64442-forexlive-americas-fx-new-wrap-fomc-raised-rates-by-0-25-and-signals-2-more-in
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Projected additional hikes support a firmer dollar, a headwind for dollar-priced commodities, while the crude rise adds some energy-cost support for feed-related prices.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-01 | [Forexlive Americas FX news wrap: FOMC statement keeps December hike alive](https://feedsoft.ai/events/67897-forexlive-americas-fx-news-wrap-fomc-statement-keeps-december-hike-alive.md) | +0.1% | -1.2% |
| 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 | 2024-12-18 | [Gold falls more than 2% after Fed signals rate-cut slowdown in 2025](https://feedsoft.ai/events/26848-gold-falls-more-than-2-after-fed-signals-rate-cut-slowdown-in-2025.md) | +0.7% | +1.5% |
| DXY | 2024-12-18 | [Gold slides below $2,600 as Fed signals two rate cuts in 2025](https://feedsoft.ai/events/26855-gold-slides-below-2-600-as-fed-signals-two-rate-cuts-in-2025.md) | +0.7% | +1.5% |
| DXY | 2017-09-21 | [FOMC Review: Unchanged Hiking Signals As QT Is Set To Begin Next Month - ActionForex](https://feedsoft.ai/events/68877-fomc-review-unchanged-hiking-signals-as-qt-is-set-to-begin-next-month.md) | +1.5% | +1.9% |
| WTI | 2023-08-31 | [ForexLive European FX news wrap: Euro falls as ECB rate hike bets abate](https://feedsoft.ai/events/34810-forexlive-european-fx-news-wrap-euro-falls-as-ecb-rate-hike-bets-abate.md) | +6.4% | +12.3% |
| WTI | 2026-10-20 | [Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com](https://feedsoft.ai/events/17267-canadian-dollar-outlook-oil-prices-and-fed-signals-drive-the-loonie-by.md) | -0.2% | — |
| WTI | 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) | +1.0% | -2.0% |

## Sources

- investinglive.com: https://investinglive.com/news/!/forexlive-nth-american-fx-news-13-jun-20180613

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