Higher-for-Longer Is Pushing Dollar Power to Limit
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The article discusses how the Federal Reserve's commitment to keeping interest rates low for an extended period is putting pressure on the value of the US dollar. The author highlights that the Fed's stance has made it clear that they won't be cutting rates anytime soon, leading to market expectations that any rate cuts will only happen in the event of a sudden financial crisis. This has resulted in the dollar gaining strength and other central banks struggling to keep up.



https://www.bloomberg.com/opinion/articles/2024-04-17/dollar-power-fed-s-higher-for-longer-is-turning-the-currency-screws