# Fed raises key rate and unveils plan to reduce bond holdings | AP News

> The Fed raised its key policy rate to a range of 1% to 1.25% and unveiled a plan to reduce its bond holdings. It foresees one more rate hike in 2017 without signaling timing.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/70401-fed-raises-key-rate-and-unveils-plan-to-reduce-bond-holdings-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 US borrowing costs and a firmer dollar tend to pressure dollar-denominated commodity prices and strengthen the dollar against emerging-market currencies, which can weigh on feed grain and oilseed export demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-07-27 | [(2nd LD) U.S. Fed raises key rate by 25 basis points to highest level since 2001 \| Yonhap News Agency](https://feedsoft.ai/events/35281-2nd-ld-u-s-fed-raises-key-rate-by-25-basis-points-to-highest-level-since-2001.md) | +1.2% | +1.9% |
| DXY | 2018-09-27 | [Fed raises rates for 3rd time this year with 1 more expected \| AP News](https://feedsoft.ai/events/62954-fed-raises-rates-for-3rd-time-this-year-with-1-more-expected-ap-news.md) | +0.4% | +1.6% |
| 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 | 2025-05-08 | [How the Fed’s Hold on Rates Is Affecting Stock, Bond, and Commodity Markets \| Investing.com](https://feedsoft.ai/events/24579-how-the-fed-s-hold-on-rates-is-affecting-stock-bond-and-commodity-markets.md) | +0.5% | -0.9% |
| CORN | 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) | -4.1% | -8.2% |
| 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 | 2021-09-23 | [Investors look ahead to rate hikes with Fed tapering plan all but certain](https://feedsoft.ai/events/44961-investors-look-ahead-to-rate-hikes-with-fed-tapering-plan-all-but-certain.md) | +1.3% | +2.0% |

## Sources

- apnews.com: https://apnews.com/general-news-6638b3ba042348579e55b15b02b8ac4b

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