# Dollar dips as Fed hikes rates, flags slowing economy

> The dollar slipped against a basket of currencies after the Federal Reserve raised interest rates by 75 basis points to fight inflation. The Fed also projected a slowing economy and rising unemployment in coming months.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7713-dollar-dips-as-fed-hikes-rates-flags-slowing-economy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The dollar's reaction to a large, expected hike points to a shift toward slower growth, which could reduce demand for feed commodities. Weaker dollar momentum would modestly support dollar-priced commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | -0.6% | -1.0% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| DXY | 2019-10-30 | [Dollar dips as Fed signals pause in rate-cutting cycle](https://feedsoft.ai/events/56773-dollar-dips-as-fed-signals-pause-in-rate-cutting-cycle.md) | +0.1% | +1.0% |
| DXY | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | -1.0% | -0.7% |
| DXY | 2022-11-04 | [Dollar Falls Sharply as Fed Officials Allow for Smaller Rate Hikes](https://feedsoft.ai/events/8198-dollar-falls-sharply-as-fed-officials-allow-for-smaller-rate-hikes.md) | -2.7% | -4.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-towers-over-peers-markets-bet-large-fed-rate-hike-2022-06-15/

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