# Trump win not to change US Fed's course, could raise rates 'soon': Yellen

> Fed Chair Janet Yellen told Congress that Trump's election does not change the Fed's plan to raise rates relatively soon. She said the central bank would adjust its outlook as fiscal plans, including potential tax cuts and spending, take shape.

- Date: 2016-11-18 · published 2016-11-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/74021-trump-win-not-to-change-us-fed-s-course-could-raise-rates-soon-yellen
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Signals of faster Fed tightening support the dollar and higher US yields, which can weigh on dollar-denominated feed commodity prices and emerging-market demand.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-01 | [Fed's Powell says could raise rates beyond December, gives nod to disinflation](https://feedsoft.ai/events/37232-fed-s-powell-says-could-raise-rates-beyond-december-gives-nod-to-disinflation.md) | +1.1% | +1.4% |
| DXY | 2022-05-04 | [US Fed rate rise could dampen mining shares](https://feedsoft.ai/events/41316-us-fed-rate-rise-could-dampen-mining-shares.md) | +0.9% | -0.8% |
| DXY | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | +1.6% | +0.9% |
| DXY | 2024-02-03 | [VND/USD exchange rate expected to rise following Fed decision](https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision.md) | +0.1% | -0.0% |
| DXY | 2022-01-27 | [Stocks shed gains, Treasury yields jump as Fed signals rate hikes could come 'soon'](https://feedsoft.ai/events/43046-stocks-shed-gains-treasury-yields-jump-as-fed-signals-rate-hikes-could-come-soon.md) | +0.1% | +0.7% |
| CORN | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | -2.5% | -0.4% |
| CORN | 2016-12-15 | [Fed lifts rates, sees faster pace of hikes in Trump's first year](https://feedsoft.ai/events/6463-fed-lifts-rates-sees-faster-pace-of-hikes-in-trump-s-first-year.md) | -2.2% | +0.5% |
| CORN | 2016-11-16 | [Dollar bulls have room to run on Trump win, euro could reach parity with dollar](https://feedsoft.ai/events/9133-dollar-bulls-have-room-to-run-on-trump-win-euro-could-reach-parity-with-dollar.md) | +2.5% | +3.3% |

## Sources

- business-standard.com: https://www.business-standard.com/article/international/trump-win-not-to-change-us-fed-s-course-could-raise-rates-soon-yellen-116111701603_1.html

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