Loading ...Think about it gang, if the idiot liberal progressive anti American adjustable Dollar was lower where it belongs everything would cost a lot more. The jump in inflation is bucking against a phony over valued dollar head wind. Gold adjusted for a higher Dollar, is probably really around $2,400/oz a new all time high. Oil is probably really around $105/bbl not $80. Gasoline at the pump also too low.
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U.S. consumer prices grew last month at their fastest annual pace since 1990, data showed, and traders think the Federal Reserve could respond by lifting interest rates faster than in Europe or Japan.
“The hawkish repricing of Fed policy expectations has reinforced the U.S. dollar’s upward momentum from the previous week in which it had already benefitted from the other G10 central banks pushing back against rate hike expectations outside of the U.S,” said Lee Hardman, currencies analyst at MUFG.
https://www.reuters.com/business/dollar-rockets-20-month-highs-after-hot-us-inflation-2021-11-11/