# UBS: Limited FOMC Support for 50bp Despite Hot October CPI

> US October CPI rose 0.4% headline and 0.3% core, both above forecasts, pushing markets toward a December Fed rate hike. UBS sees limited support on the FOMC for a 50bp move and keeps 25bp hikes in December and March as its base case. The US Dollar Index touched 102.95, its highest since 2005, with 10-year Treasury yields near 5%.

- Date: 2026-11-12 · published 2026-11-13T00:16:51.674Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/96734-ubs-limited-fomc-support-for-50bp-despite-hot-october-cpi
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rate expectations and a stronger dollar make US commodity exports more expensive for foreign buyers and tend to pressure dollar-denominated grain, oilseed and meal prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-31 | [Dollar can stay broadly supported into FOMC – ING — Octa](https://feedsoft.ai/events/37977-dollar-can-stay-broadly-supported-into-fomc-ing-octa.md) | +1.4% | +2.1% |
| DXY | 2023-09-27 | [GBP/USD Rate: Desperately Seeking Support](https://feedsoft.ai/events/34358-gbp-usd-rate-desperately-seeking-support.md) | +1.1% | +1.1% |
| DXY | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | +0.4% | +1.6% |
| DXY | 2018-02-01 | [Sovereign bonds take breather despite hawkish FOMC - The Korea Herald](https://feedsoft.ai/events/66724-sovereign-bonds-take-breather-despite-hawkish-fomc-the-korea-herald.md) | +0.9% | +1.7% |
| DXY | 2019-09-06 | [FOREX-U.S jobs data supports dollar as fragile risk-on mood holds](https://feedsoft.ai/events/12330-forex-u-s-jobs-data-supports-dollar-as-fragile-risk-on-mood-holds.md) | -0.5% | +0.2% |

## Sources

- fxbrokertrust.com: https://www.fxbrokertrust.com/insights/ubs-limited-fomc-support-for-50bp-despite-hot-october-cpi

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