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  • Just about everything is getting more expensive in the United States

    From cnn.com

    Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds, sending Americans back to shops and restaurants. But the pandemic is far from over, and supply-chain woes mean supply isn't meeting demand -- sending prices even higher. US consumer prices in April increased 4.2% from a year earlier, more than the 3.6% economists had predicted, the Bureau of Labor Statistics reported Wednesday. It was the biggest 12-month increase since September 2008. Prices rose 0.8% on a seasonally adjusted basis between March and April -- also more than analysts had expected. Price ... (full story)

If local manufactures are unable to meet demand, wholesalers will start importing goods. That in turn will lead to more demand for foreign currencies and a weaker $ as a result.
Get Trump back as President, he will fix it?
Jerome won't eat his own spittle (after past year dodging inflation etc), he will reiterate to keep the interest low. I have just realized that he is doing it to counter CNĄ so most countries take US$ with its cheap interest. So I expect the US$ rise is only temporary. I remember he mentioned to keep interest low for at least 3 years (or maybe until he is replaced, whichever comes first) - about 2 years remaining. So I expect weak US$ for another 2 years before reversing (as countries start sourcing US$ to payback)
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