# Eurodollar futures price in Fed hike by December 2022 after inflation spike

> Eurodollar futures priced roughly an 80% chance of a Federal Reserve rate increase by December 2022 after stronger-than-expected inflation data. The market tracks short-term US rate expectations over the next few years.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47286-eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US rates support the dollar and raise financing costs for commodity holders, which can weigh on dollar-denominated feed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-05 | [Dollar pressures industrial metals after Fed's decision](https://feedsoft.ai/events/41315-dollar-pressures-industrial-metals-after-fed-s-decision.md) | +0.7% | -1.2% |
| DXY | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | +0.6% | +2.4% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2026-04-30 | [Dollar holds firm after Fed raises inflation alarm, yen slips past 160](https://feedsoft.ai/events/19916-dollar-holds-firm-after-fed-raises-inflation-alarm-yen-slips-past-160.md) | -0.8% | -0.1% |
| DXY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | +1.4% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-moneymarket-us/eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike-idUSKBN2CT1P8/

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