◂ Event Timeline

Feb 22, 2017MACROUS

Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show

Minutes of the latest FOMC meeting showed many Fed officials saw a rate hike as likely 'fairly soon' to avoid an overheating economy. Officials were confident they could raise rates gradually.

WHY IT MATTERS

Expectations of earlier US rate hikes support the dollar and raise carrying costs, which pressures dollar-priced commodities and can weigh on commodity-linked currencies.

AFFECTSDXY▲

SOURCE
bloomberg.comCraig Torres, Christopher CondonFeb 22, 2017

Price reaction & history

DXY▲bullishSO FAR1d -0.3%5d -0.5%20d -1.5%

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

Aug 16, 2023Fed officials divided in July over need for more rate hikes, minutes show | Reuters+0.1%
Jan 4, 2023Key Takeaways From Minutes of Fed’s December Meeting on Rates - Bloomberg-1.5%
Apr 11, 2018Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes-0.3%
Jun 18, 2026Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg+1.4%
Feb 21, 2024Fed worried about cutting rates too soon, minutes of January meeting show-0.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DXY · GP ▸

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