# Goldman sees Trump creating more aggressive Fed, 'ambiguous' growth

> Goldman Sachs economists expect Trump's economic agenda to lift inflation and push the Fed to tighten more aggressively, with three hikes forecast for 2017. They raised the odds of a December hike to 85 percent and described the growth outlook as ambiguous given protectionism risks.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/73755-goldman-sees-trump-creating-more-aggressive-fed-ambiguous-growth
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of faster Fed tightening support the dollar and weigh on dollar-denominated commodity prices, while protectionism concerns add downside risk to agricultural trade.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-11 | [BREAKING: Fed sees no more cuts, Gold down \| XTB](https://feedsoft.ai/events/55507-breaking-fed-sees-no-more-cuts-gold-down-xtb.md) | -0.6% | -1.0% |
| DXY | 2022-04-22 | [U.S. dollar hits more than 2-year high on aggressive Fed hike outlook](https://feedsoft.ai/events/4950-u-s-dollar-hits-more-than-2-year-high-on-aggressive-fed-hike-outlook.md) | +2.5% | +2.0% |
| DXY | 2021-06-18 | [Goldman sees Fed-driven dip in commodities as a 'buying opportunity'](https://feedsoft.ai/events/46485-goldman-sees-fed-driven-dip-in-commodities-as-a-buying-opportunity.md) | -0.2% | +0.4% |
| DXY | 2022-04-22 | [Brazil's real tumbles almost 4% on bets of aggressive Fed action](https://feedsoft.ai/events/6860-brazil-s-real-tumbles-almost-4-on-bets-of-aggressive-fed-action.md) | +2.5% | +2.0% |
| DXY | 2023-02-27 | [Goldman Sees Modest Yen Weakness From US Rates Despite BOJ Bets](https://feedsoft.ai/events/37557-goldman-sees-modest-yen-weakness-from-us-rates-despite-boj-bets.md) | -0.7% | -0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/16/goldman-sees-trump-creating-more-aggressive-fed-ambiguous-growth.html

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