Loading ...“I don’t know how high the dollar is going but I don’t think we get any relief until it breaks.”
Sadly, I think that’s true, and I don’t see the USD giving up ground as rates rise.
I do think that the Fed is accomplishing its mission in fighting inflation, at least in a lot of commodities. It hasn’t hit the stores yet, but I think it will. Gas in my parts is $3.45 gal. down from $5 and it’s come down quickly. Some of the food commodities have been crushed.
An interview with a lobster fisherman, he said lobster prices have crashed back below where they were before the great inflation, he’s getting squeezed big time.