# US Fed Lifts Rates, Reaffirms ‘Gradual’ Outlook - Sharecafe

> The US Federal Reserve raised its federal funds target range to 0.75% to 1% and signaled only gradual further tightening, with one dissent from Minneapolis Fed president Neel Kashkari. Following the decision the US dollar eased, and US crude rose more than 2.4% to about $48.90 a barrel after a surprise drop in inventories.

- Date: 2017-03-15 · published 2017-03-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/71921-us-fed-lifts-rates-reaffirms-gradual-outlook-sharecafe
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and a cautious Fed support dollar-priced commodities, which lowers the cost of imported feed ingredients for non-US buyers and can lift US crude and energy-linked input costs.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +33.1% | +46.3% |
| WTI | 2024-08-23 | [Oil climbs over 2% after Fed's Powell indicates US rate cuts \| Reuters](https://feedsoft.ai/events/28694-oil-climbs-over-2-after-fed-s-powell-indicates-us-rate-cuts-reuters.md) | +4.2% | -1.4% |
| WTI | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +3.3% | +4.7% |
| WTI | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | +7.1% | +5.0% |
| WTI | 2024-08-22 | [Oil prices settle $1 up on hopes of a US Fed rate cut next month \| Reuters](https://feedsoft.ai/events/28696-oil-prices-settle-1-up-on-hopes-of-a-us-fed-rate-cut-next-month-reuters.md) | +3.7% | +0.1% |
| BRENT | 2024-08-23 | [Oil climbs over 2% after Fed's Powell indicates US rate cuts \| Reuters](https://feedsoft.ai/events/28694-oil-climbs-over-2-after-fed-s-powell-indicates-us-rate-cuts-reuters.md) | +3.5% | -3.3% |
| BRENT | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +3.1% | +4.6% |
| BRENT | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | +4.6% | +3.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-03-16/us-federal-reserve-raises-interest-rates/8358436
- sharecafe.com.au: https://www.sharecafe.com.au/2017/03/16/us-fed-lifts-rates-reaffirms-gradual-outlook/

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