Burgeoning Buck

dollarstacksWhile the strength of the US dollar was for a long time the result of central bank policy in the US, the dollar is now, to at least some extent, a determinant of Fed policy. Because the surging dollar is dampening inflation, hurting exports, lowering corporate profits, and will probably harm developing nations with substantial dollar denominated debt, the Fed will probably raise rates more gingerly than originally anticipated.

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