# Fed raises rate and sees more hikes as US economy improves - Chicago Sun-Times

> The Federal Reserve raised its benchmark rate by a quarter point to 0.75%-1%, its second hike in three months, and signaled further increases this year would be gradual. The vote was 9-1, with Kashkari dissenting in favor of no change. The Fed projected three hikes this year and expected growth of 2.1% in 2017 and 2018.

- Date: 2017-03-15 · published 2017-03-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/71927-fed-raises-rate-and-sees-more-hikes-as-us-economy-improves-chicago-sun-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher US rates support the dollar and tighten financing for feedlots, dairies and grain merchants, which can weigh on commodity demand and prices over time.

## Read by commodity

- DXY: bullish ▲
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | +1.6% | +0.9% |
| DXY | 2018-06-13 | [Dollar mostly firmer as Fed sees more U.S. rate hikes \| Reuters](https://feedsoft.ai/events/64708-dollar-mostly-firmer-as-fed-sees-more-u-s-rate-hikes-reuters.md) | +1.3% | +0.6% |
| 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 | 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 | 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% |
| LCATTLE | 2025-10-29 | [Economics of U.S. Beef and Cattle Market \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/22524-economics-of-u-s-beef-and-cattle-market-farm-bureau-intel-markets-american-farm.md) | -1.4% | -8.8% |
| LCATTLE | 2021-06-18 | [Explaining the volatile stock and bond market moves this week following the Fed's update](https://feedsoft.ai/events/5932-explaining-the-volatile-stock-and-bond-market-moves-this-week-following-the-fed.md) | +2.3% | +1.3% |
| LCATTLE | 2025-05-23 | [Beef Demand – The Key to Cattle Prices \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/24800-beef-demand-the-key-to-cattle-prices-farm-bureau-intel-markets-american-farm.md) | +0.1% | +4.5% |

## Sources

- chicago.suntimes.com: https://chicago.suntimes.com/2017/3/15/18343460/fed-raises-rate-and-sees-more-hikes-as-us-economy-improves

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