TKL: The US dollar is getting even stronger: The Bloomberg Dollar Spot Index has gained 7.4% in 2024, on track for its best annual gain in 9 years.

TKL: The US dollar is getting even stronger: The Bloomberg Dollar Spot Index has gained 7.4% in 2024, on track for its best annual gain in 9 years.

The index has risen 6.9% over the last 3 months and hit its highest level since November 2022.

It’s clear now more than ever, markets are pricing-in a rebound in inflation next year.

All while the Fed has cut rates by 100 basis points since September 18.

Markets are pricing-in higher for longer Fed policy.

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