FOMC Review: Unchanged Hiking Signals As QT Is Set To Begin Next Month

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 13, 2018Forexlive Americas FX new wrap: FOMC raised rates by 0.25% and signals 2 more in 2018+1.3%
• Jun 18, 2026Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg+1.4%
• May 9, 2017Dollar Surges Broadly as Markets Raising Bets on June Fed Hike - ActionForex-0.6%
• Nov 10, 2018Gold falls to one-month low as Fed affirms rate-hiking stance-0.4%
• Jun 14, 2023US dollar falls, but off four-week lows, as Fed signals more rate hikes | Reuters-0.4%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Oct 21, 2021Foreign Exchange Rate Forecasts For Next 6-12 Months From Danske Bank-0.4%
• May 3, 2023ECB slows rate hike pace but signals more to come-0.4%
• Oct 27, 2017ECB Hammers The Euro, USD To Shine Again - ActionForex-0.2%
• Oct 2, 2026FOREX-Euro set for biggest weekly fall in months vs dollar as France fiscal trajectory weighs | International-0.4%
• Apr 28, 2021US Growth and Fed's Policy Outlook to Lift Yields Again, Lending Support to USD - ActionForex-0.5%