◂ Event Timeline

Oct 30, 2026MACROUS

Fed signals a December hike as it upgrades economic outlook to 'strong'

The Fed held rates unchanged on Wednesday but signalled it intends to raise rates at its December meeting. Two members, Governor Cook and Cleveland Fed President Hammack, dissented in favour of an immediate 25bp hike.

WHY IT MATTERS

A signalled hike supports the dollar and raises financing costs, which can pressure commodity prices and farm credit.

AFFECTSDXY▲

SOURCE
fxstreet.comOct 30, 2026

Price reaction & history

DXY▲bullishSO FAR1d -0.1%5d —20d —

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Nov 1, 2017Fed signals December hike on track as Trump mulls next chair – Press Enterprise+0.1%
Sep 17, 2020Yuan falls on dollar strength after Fed's upbeat economic outlook | Financial Post+1.6%
Jun 18, 2026Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg+1.4%
Nov 1, 2017Dollar rises on strong U.S. data, Fed signals | Reuters+0.1%
Nov 1, 2024US economic outperformance to keep dollar strong: Reuters poll-0.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DXY · GP ▸

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