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

> Danske Bank's FOMC review says the Fed held rates at 1.00%-1.25% and confirmed quantitative tightening starting in October. Markets read the signal as hawkish, pushing EUR/USD lower and Treasury yields higher, with a 60% chance of a December hike priced.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/68877-fomc-review-unchanged-hiking-signals-as-qt-is-set-to-begin-next-month
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar and higher US rates weigh on dollar-denominated commodity prices and can support foreign currency weakness against the dollar, affecting export competitiveness for grains and oilseeds.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## 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 | 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% |
| DXY | 2017-05-09 | [Dollar Surges Broadly as Markets Raising Bets on June Fed Hike - ActionForex](https://feedsoft.ai/events/71189-dollar-surges-broadly-as-markets-raising-bets-on-june-fed-hike-actionforex.md) | -0.6% | -2.1% |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |
| EURUSD | 2021-10-21 | [Foreign Exchange Rate Forecasts For Next 6-12 Months From Danske Bank](https://feedsoft.ai/events/7485-foreign-exchange-rate-forecasts-for-next-6-12-months-from-danske-bank.md) | -0.4% | -2.4% |
| EURUSD | 2023-05-03 | [ECB slows rate hike pace but signals more to come](https://feedsoft.ai/events/36153-ecb-slows-rate-hike-pace-but-signals-more-to-come.md) | -0.4% | -3.1% |
| EURUSD | 2017-10-27 | [ECB Hammers The Euro, USD To Shine Again - ActionForex](https://feedsoft.ai/events/68674-ecb-hammers-the-euro-usd-to-shine-again-actionforex.md) | -0.2% | +1.8% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/44361-fomc-review-unchanged-hiking-signals-as-qt-is-set-to-begin-next-month/

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