Strong dollar seen hurting US outlook and even tilting Fed path

Bloomberg/Steve Matthews/ and Kyungjin Yoo/10-29-2022

“A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said.”

USAGOLD note: The inordinately strong dollar has not been much of a deterrent to the Fed thus far, but that may be about to change according to the economists polled in this Bloomberg survey. They see a US spillover effect from the problems the strong dollar has caused in economies overseas.