# [New York Foreign Exchange Market - Weekly] December Rate Hike Still on Table Despite US Tech Selloff - All Eyes on CPI

> The article says US markets are watching whether the technology-stock correction continues and whether October CPI supports another rate increase at the December FOMC meeting. Despite falling Treasury yields and a more than 10% Nasdaq decline from its early-month high, interest-rate futures still put the probability of a December hike above 70%.

- Date: 2026-11-08 · published 2026-11-08T15:09:28.437Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/87654-new-york-foreign-exchange-market-weekly-december-rate-hike-still-on-table
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US rates can support the dollar, while falling yields and risk aversion could work in the opposite direction. The conflicting forces may increase currency volatility but have no direct feed-commodity supply impact.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-29 | [Market trades with caution ahead of US Fed rate decision this week](https://feedsoft.ai/events/31036-market-trades-with-caution-ahead-of-us-fed-rate-decision-this-week.md) | -0.7% | -1.1% |
| DXY | 2021-09-28 | [BoE Rate-Hike Speculation Keeps Sterling Afloat As Yield Trends Dominate Markets \| Exchange Rates UK](https://feedsoft.ai/events/45310-boe-rate-hike-speculation-keeps-sterling-afloat-as-yield-trends-dominate.md) | +0.5% | -0.1% |
| DXY | 2026-04-29 | [US Dollar Index steadies near 98.50, all eyes on Fed rate decision](https://feedsoft.ai/events/19920-us-dollar-index-steadies-near-98-50-all-eyes-on-fed-rate-decision.md) | -0.1% | +0.3% |
| DXY | 2023-07-31 | [Vietnamese dong remains stable despite Fed’s 11th rate hike: experts](https://feedsoft.ai/events/35339-vietnamese-dong-remains-stable-despite-fed-s-11th-rate-hike-experts.md) | +0.9% | +2.3% |
| DXY | 2018-02-28 | [MUFG: No Guarantee Higher Rates Will Result In A Stronger Dollar \| Exchange Rates UK](https://feedsoft.ai/events/66700-mufg-no-guarantee-higher-rates-will-result-in-a-stronger-dollar-exchange-rates.md) | -0.1% | -0.5% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=147502

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