King Dollar and the Double Whammy
Jack Janasiewicz offers his tactical take on the capital markets in this podcast recorded on October 6, 2022.
- The strong US dollar is the currency king and it’s having a powerful spillover effect in several areas of the markets.
- Developed economies that rely on commodity imports – which are priced in dollars – are facing higher costs, which pushes European inflation higher.
- Meanwhile, the Federal Reserve continues to raise interest rates with the single-minded goal of taming US inflation.
- The key to restoring stability and confidence in the markets has not changed: determining just how high the Fed is willing to hike interest rates.
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