Dollar’s rise spells trouble for global economies

Recent economic data suggests that US inflation remains stubbornly high, strengthening the case for more Fed rate increases and an even-stronger dollar. (Photo: iStock) — Recent economic data suggests that US inflation remains stubbornly high, strengthening the case for more Fed rate increases and an even-stronger dollar. (Photo: iStock)

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7 min read . Updated: 18 Sep 2022, 05:12 PM IST Chelsey Dulaney, The Wall Street Journal

The surge threatens to exacerbate a slowdown in global growth and amplify inflation headaches for global central banks

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The U.S. dollar is experiencing a once-in-a-generation rally. For the rest of the world, that is a big problem.

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