# The Federal Reserve looks ready to roll with an interest rate hike in December

> Federal Reserve policymakers kept rates unchanged on November 2 but dropped the phrase signaling a 'next meeting' move. Strategists still expected a December hike if financial conditions and the economy held up.

- Date: 2016-11-02 · published 2016-11-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/73752-the-federal-reserve-looks-ready-to-roll-with-an-interest-rate-hike-in-december
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A likely December rate hike supports the dollar and tightens dollar-funded financial conditions, which tends to weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-31 | [Interest rates: Aussie dollar feels the chill as Federal Reserve cools rate cut hopes](https://feedsoft.ai/events/24036-interest-rates-aussie-dollar-feels-the-chill-as-federal-reserve-cools-rate-cut.md) | -0.7% | -0.6% |
| DXY | 2022-02-23 | [The market has adjusted its views of how the Federal Reserve will raise interest rates](https://feedsoft.ai/events/42642-the-market-has-adjusted-its-views-of-how-the-federal-reserve-will-raise.md) | +1.0% | +1.2% |
| DXY | 2018-03-22 | [What Is the Impact of the Federal Reserve's Latest Rate Hike on Indonesia? \| Indonesia Investments](https://feedsoft.ai/events/66316-what-is-the-impact-of-the-federal-reserve-s-latest-rate-hike-on-indonesia.md) | -0.8% | -1.3% |
| DXY | 2017-03-12 | [Canadian bonds, loonie brace for U.S. Federal Reserve rate hike - The Globe and Mail](https://feedsoft.ai/events/72217-canadian-bonds-loonie-brace-for-u-s-federal-reserve-rate-hike-the-globe-and-mail.md) | -1.1% | -1.3% |
| DXY | 2021-09-23 | [Investors look ahead to rate hikes with Fed tapering plan all but certain](https://feedsoft.ai/events/44961-investors-look-ahead-to-rate-hikes-with-fed-tapering-plan-all-but-certain.md) | +1.0% | -0.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/02/the-federal-reserve-looks-ready-to-roll-with-an-interest-rate-hike-in-december.html

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