# Account of the monetary policy meeting

> The ECB's account of its October meeting says long-term US Treasury yields rose about 35 basis points after September, and the probability of a Fed hike in December rose from 25% to nearly 90%. Euro area sovereign yields stayed largely unchanged and markets expected the APP asset purchases to continue into 2018.

- Date: 2017-11-23 · published 2017-11-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68185-account-of-the-monetary-policy-meeting
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising US yields and firmer Fed hike expectations tend to support the dollar, which can pressure dollar-denominated grain, oilseed and meal prices for importers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/62238-account-of-the-monetary-policy-meeting.md) | +0.1% | +0.1% |
| DXY | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | +3.5% |
| DXY | 2022-06-02 | [An Update on the Economy and Monetary Policy](https://feedsoft.ai/events/40854-an-update-on-the-economy-and-monetary-policy.md) | -0.3% | +1.9% |
| DXY | 2023-04-04 | [Lisa D Cook: The US economic outlook and monetary policy](https://feedsoft.ai/events/36300-lisa-d-cook-the-us-economic-outlook-and-monetary-policy.md) | +0.4% | +0.1% |
| DXY | 2018-10-25 | [The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future](https://feedsoft.ai/events/62446-the-economic-outlook-monetary-policy-and-normal-policymaking-now-and-in-the.md) | +1.0% | +0.9% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2017/html/ecb.mg171123.en.html

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