The biggest rally in the US dollar since 2020

[OZER]

As a result of Labor Department data revealing an unexpected rise in US Consumer Prices in August, the US dollar soared on Tuesday. In its biggest one-day percentage gain since March 2020, the dollar index DXY gained 1.5% to 109.85 this morning. While the US dollar has declined from its two-decade high of 110.79 reached last week, it remains below its two-decade low.

Despite stronger-than-expected US inflation data, investors bet that the Federal Reserve will need to remain aggressive in raising interest rates. The yield on the US 10-year Treasury note is now at 3.412%, while the yield on the 2-year note is now at 3.76%. As a result, the market expects the Fed to hike its policy rate for a third consecutive time by 75 basis points, bringing its current policy rate range to 3% to 3.25%. There is also a reasonable chance that the Sept. 20-21 meeting could result in a full-percentage-point increase, according to the contracts.

[ebba]

guess we going homeless

[oryx]

As Peter Schiff would say, you cannot put the inflation genie back into the lamp.

[reid]

Stop inflation market correct itself.no more buy back.

[Skrz]

brIt was setup to fail by greed, cunning or ignorance. The 20% was like a growing vacuum on its actual worth. The price implosion was inevitable.

[vivl]

Excellent and even handed !

[ath]

this dude is gonna have to live life looking over his shoulder if he continues to be so public and arrogant. He fucked over many peoples lives

[spay]

I don't care, I'm buying

[Yiiw]

Comment Content

[winz]

In Elon musk we trust in dogecoin to the moon

[reu]

Yes it can be stopped, just abolish the central bank Or set a Constitutional Amendment spending limit

[rees]

Anyone consider he said that to drop the price of Tesla shares so he could buy some back again for a lower price?  He did just sell off a bunch a few months ago and roast 'Pocahontas' while paying more taxes than anyone in US history.

[faze]

Why is someone from Stellar Lumans here.. ‍️

[roby]

So Gordon Johnson was right.  LMAO

[winn]

Stock market and property market are greatly inflated again, so those who are buying now, watch out!!!   It is common misconception that houses are assets, no they are just speculative tools..