
The Federal Reserve held its policy rate at 3.75% to 4.00% on 28 October 2026 in a 10-2 vote, with two members favouring a further rise. The Bank of Thailand held its policy rate at 1.00% the same day, unanimously among members present.
Markets priced a December Fed hike above 70% probability.
A hawkish Fed tilt strengthens the US dollar and tightens global financing conditions, which can weigh on dollar-denominated commodity prices and pressure emerging-market currencies such as the baht that matter to feed importers.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.