# Yellen: Expect Fed to gradually hike rates over next 3 years | AP News

> Yellen said the Fed expects to raise rates gradually over the next three years. The Fed's policy rate is currently below the level that would either spur or restrain growth.

- Date: 2017-01-18 · published 2017-01-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/72905-yellen-expect-fed-to-gradually-hike-rates-over-next-3-years-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gradual hikes support a firmer dollar over time, which tends to pressure dollar-priced grain and oilseed prices. The impact is expected to be modest.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-01-19 | [Gold under pressure as Fed's Yellen backs gradual rate hikes \| Reuters](https://feedsoft.ai/events/72903-gold-under-pressure-as-fed-s-yellen-backs-gradual-rate-hikes-reuters.md) | -0.4% | -1.5% |
| DXY | 2018-12-20 | [Fed lifts rates for 4th time this year but sees fewer hikes \| AP News](https://feedsoft.ai/events/61490-fed-lifts-rates-for-4th-time-this-year-but-sees-fewer-hikes-ap-news.md) | -0.1% | -1.1% |
| DXY | 2023-08-31 | [Fed expected to hold interest rates steady next month](https://feedsoft.ai/events/34478-fed-expected-to-hold-interest-rates-steady-next-month.md) | +1.8% | +2.3% |
| DXY | 2021-03-17 | [Fed expects to keep its key rate near zero through 2023 \| AP News](https://feedsoft.ai/events/48017-fed-expects-to-keep-its-key-rate-near-zero-through-2023-ap-news.md) | +0.3% | +0.0% |

## Sources

- apnews.com: https://apnews.com/general-news-7d0af1b4a74a4cdcb9b477dd942ca0c2

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