The Dollar’s Downfall?

Seventy-five basis points. On September 21, the U.S. Federal Reserve (Fed) enacted its fifth—and likely not the last—rate hike of the year. Since the start of the rate hike cycle in March to tackle inflation, the Fed has raised its benchmark interest rate by 300 basis points, the most aggressive move since 1981.

At a press conference that same day, Jerome Powell,