# Forexlive Americas FX news wrap: FOMC statement keeps December hike alive

> The Forexlive wrap of November 1 covered the FOMC holding rates at 1.00%-1.25% while keeping a December hike alive. It also listed the Fed chair announcement, strong US manufacturing PMIs, and an OPEC report saying quotas would likely stay in place through 2018.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67897-forexlive-americas-fx-news-wrap-fomc-statement-keeps-december-hike-alive
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Fed signal toward tighter policy supports the dollar, which tends to pressure dollar-priced grain and meal values. Stable OPEC quotas keep energy input costs steady for now.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-13 | [Forexlive Americas FX new wrap: FOMC raised rates by 0.25% and signals 2 more in 2018](https://feedsoft.ai/events/64442-forexlive-americas-fx-new-wrap-fomc-raised-rates-by-0-25-and-signals-2-more-in.md) | +1.3% | +0.6% |
| DXY | 2018-09-26 | [Text of the Fed's statement after its meeting Wednesday \| AP News](https://feedsoft.ai/events/62953-text-of-the-fed-s-statement-after-its-meeting-wednesday-ap-news.md) | +0.2% | +1.5% |
| DXY | 2026-08-31 | [Dollar holds near two-week high as bets rise on September Fed rate hike \| Markets News - Business Standard](https://feedsoft.ai/events/18081-dollar-holds-near-two-week-high-as-bets-rise-on-september-fed-rate-hike-markets.md) | -0.6% | +1.6% |
| DXY | 2018-07-17 | [Powell says strong economy will keep rate hikes coming \| AP News](https://feedsoft.ai/events/63944-powell-says-strong-economy-will-keep-rate-hikes-coming-ap-news.md) | +0.5% | +1.8% |
| DXY | 2017-11-01 | [Fed signals December hike on track as Trump mulls next chair – Press Enterprise](https://feedsoft.ai/events/67903-fed-signals-december-hike-on-track-as-trump-mulls-next-chair-press-enterprise.md) | +0.1% | -1.2% |

## Sources

- investinglive.com: https://investinglive.com/news/!/forexlive-nth-american-fx-news-1-nov-20171101

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