# U.S. Federal Reserve holds rate, but signals further hikes ahead - Financial Post

> The Federal Reserve held its benchmark rate unchanged at its May 3, 2017 meeting, while describing Q1 growth slowdown as likely transitory and emphasizing labor market strength. The central bank reaffirmed its plan for two more rate hikes in 2017.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/71187-u-s-federal-reserve-holds-rate-but-signals-further-hikes-ahead-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer Fed path supports the dollar, which tends to pressure dollar-denominated grain and oilseed prices and can weigh on export competitiveness.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-29 | [Fed rate hike bets hit Latam assets; Brazil's real jumps \| Financial Post](https://feedsoft.ai/events/41148-fed-rate-hike-bets-hit-latam-assets-brazil-s-real-jumps-financial-post.md) | +2.0% | +1.8% |
| DXY | 2016-12-15 | [Optimistic Federal Reserve Hikes Rates](https://feedsoft.ai/events/73656-optimistic-federal-reserve-hikes-rates.md) | +1.6% | +1.1% |
| DXY | 2024-12-18 | [U.S. Federal Reserve cuts interest rates by another quarter point \| CBC News](https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news.md) | +0.7% | +1.5% |
| DXY | 2017-09-20 | [Fed signals interest rates will keep going higher as it exits financial crisis policy](https://feedsoft.ai/events/69149-fed-signals-interest-rates-will-keep-going-higher-as-it-exits-financial-crisis.md) | +1.1% | +1.9% |
| DXY | 2017-03-12 | [Canadian bonds, loonie brace for U.S. Federal Reserve rate hike - The Globe and Mail](https://feedsoft.ai/events/72217-canadian-bonds-loonie-brace-for-u-s-federal-reserve-rate-hike-the-globe-and-mail.md) | -1.1% | -1.3% |

## Sources

- financialpost.com: https://financialpost.com/economy/u-s-federal-reserve-leaves-key-policy-rate-unchanged/

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