- The Fed’s aggressive stance contrasts with those of the Japanese central bank, which has persisted with ultralow interest rates, and the European Central Bank which resisted steep rate hikes for the longest time.
- This has created a wide gap in interest rate levels in the US and the eurozone, causing investors chasing higher returns to move their money to the US.
- Costly imports are further driving up inflation, prompting central banks to pursue an even more aggressive monetary policy stance as they look to tame demand.
Why a strong dollar should worry you 26.09.2022
