# Market pushback on central banks' rates view just got louder

> Markets pushed back against expectations that the Fed and ECB would cut rates early, but traders have moved their forecasts for the first cuts into the first half of next year. Euro zone inflation fell to 2.4% in November from 2.9% in October, close to the ECB's 2% target.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/32928-market-pushback-on-central-banks-rates-view-just-got-louder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier rate cuts shape dollar and currency moves that affect the cost of dollar-priced commodities for importers. The impact on feed prices is indirect and limited.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-30 | [BoE Expected to Hike Rates Amid Central Bank Meetings](https://feedsoft.ai/events/38017-boe-expected-to-hike-rates-amid-central-bank-meetings.md) | +0.5% | +2.1% |
| DXY | 2024-02-16 | [Dollar steady after producer prices push back on Fed rate cut outlook](https://feedsoft.ai/events/31574-dollar-steady-after-producer-prices-push-back-on-fed-rate-cut-outlook.md) | -0.1% | -0.7% |
| DXY | 2026-01-02 | [Dollar gains over dong on black market - VnExpress International](https://feedsoft.ai/events/21353-dollar-gains-over-dong-on-black-market-vnexpress-international.md) | +0.3% | -1.5% |
| DXY | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.1% | -1.5% |
| DXY | 2019-06-17 | [Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut](https://feedsoft.ai/events/58784-forex-market-dollar-steady-ahead-of-fed-meeting-low-chances-of-june-rate-cut.md) | -0.9% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/global-markets-rate-cuts-analysis-pix-2023-11-30/?user_email=9ee1f2648ac04822809478f368afe47fde784192e09a598e7c315250d883d408

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