"The trajectory of the interest rate increases and uncertainty in the global market are both benefiting the U.S. Dollar. The U.S. Dollar price has recently reached a 20-year high. This is a headwind for commodities and the equity market. The U.S. Dollar has been seen as a save haven during times of recession," says Dan Deming. During today's FOMC, many participants judged that there was a significant risk that higher inflation could become entrenched.