# Fed signals December hike on track as Trump mulls next chair – Press Enterprise

> The Fed voted unanimously to hold rates steady while signaling one more hike this year, a day before Trump was due to name his Fed chair pick. Pricing in futures implied an 85% chance of a December quarter-point increase.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/67903-fed-signals-december-hike-on-track-as-trump-mulls-next-chair-press-enterprise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A confirmed December hike path supports the dollar and raises financing costs, which can weigh on dollar-priced commodities and export demand. The move is widely expected, so the price impact is moderate.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.4% | +2.0% |
| DXY | 2017-01-11 | [Why the Chinese yuan’s next move may hinge on Trump’s press conference](https://feedsoft.ai/events/10767-why-the-chinese-yuan-s-next-move-may-hinge-on-trump-s-press-conference.md) | -0.7% | -1.9% |
| DXY | 2021-05-12 | [Eurodollar futures price in Fed hike by December 2022 after inflation spike](https://feedsoft.ai/events/47286-eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike.md) | -0.1% | -0.3% |
| 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 | 2026-06-18 | [Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg](https://feedsoft.ai/events/11989-dollar-rally-extends-as-fed-signals-rate-hike-likely-in-coming-months-bloomberg.md) | +1.4% | +1.0% |

## Sources

- pressenterprise.com: https://www.pressenterprise.com/2017/11/01/fed-signals-december-hike-on-track-as-trump-mulls-next-chair-1/

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