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

> 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.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/72388-many-fed-officials-see-rate-hike-fairly-soon-minutes-show-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-16 | [Fed officials divided in July over need for more rate hikes, minutes show \| Reuters](https://feedsoft.ai/events/34479-fed-officials-divided-in-july-over-need-for-more-rate-hikes-minutes-show-reuters.md) | +0.1% | +0.7% |
| DXY | 2023-01-04 | [Key Takeaways From Minutes of Fed’s December Meeting on Rates - Bloomberg](https://feedsoft.ai/events/37698-key-takeaways-from-minutes-of-fed-s-december-meeting-on-rates-bloomberg.md) | -1.5% | -2.8% |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |
| 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 | 2024-02-21 | [Fed worried about cutting rates too soon, minutes of January meeting show](https://feedsoft.ai/events/31868-fed-worried-about-cutting-rates-too-soon-minutes-of-january-meeting-show.md) | -0.0% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-02-22/many-fed-officials-see-rate-hike-fairly-soon-minutes-show

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