Column-Mighty Dollar Shares in Fed’s Heavy Lifting: McGeever


ORLANDO, Florida (Reuters) – If Federal Reserve officials want U.S. financial conditions to tighten enough to cool the economy and inflation without triggering a deep recession, they’re getting a strong helping hand right now from the dollar.

The dollar is at a six-month high and has surged 5.5% since mid-July. That rip higher has been fueled by a rise in U.S. bond yields that has made the dollar much more appealing relative to other currencies.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *