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US consumers may have to live with high prices for longer - and a falling dollar could be to blame
1 month ago | By Business Insider
The dollar has fallen in recent months after enjoying a bull run through most of 2022.
US inflation has steadily cooled since mid-2022, thanks to large interest-rate increases by the Federal Reserve.
However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods.
The dollar index has fallen by more than 11% from a peak reached in late September.
US consumers are getting used to being pleasantly surprised by cooling prices each month, with inflation extending a sustained decline thanks to the Federal Reserve's interest-rate hikes. Annual...
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