# US dollar falls and bonds rise after Federal Reserve raises rates but says future moves would be 'gradual' | The Independent | The Independent

> The Federal Reserve raised its target rate by 25 basis points to 0.75-1.00%, as widely expected, and said further increases would be gradual. The dollar index fell to a three-week low of 100.510 and US government bonds had their biggest rally in about nine months. Chair Janet Yellen kept projections of two more hikes in 2017 and three in 2018.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/72191-us-dollar-falls-and-bonds-rise-after-federal-reserve-raises-rates-but-says
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities such as grains and oilseeds, while the gradual tightening path limits pressure on borrowing costs for feed and livestock operators.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| DXY | 2020-04-30 | [Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street](https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main.md) | +0.7% | -1.4% |

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/news/us-dollar-falls-and-bonds-rise-federal-reserve-janet-yellen-raises-interest-rates-cautious-gradual-a7632541.html

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