The U.S. Dollar Index has fallen below 99, currently sitting at 98.6 — its lowest level since March 2022, when the Federal Reserve implemented its first interest rate hike since 2018.
A 9% drop year-to-date, meaning, any asset with less than a 10% gain is actually losing value in terms of U.S. dollar purchasing power.
CHINA RE-RECIPROCAL TARIFFS TO IMPOSE ADDITIONAL 34% TARIFFS ON ALL IMPORTED U.S. PRODUCTS STARTING APRIL 10, XINHUA NEWS $Nasdaq -3.3% $BTC -1.4% $Gold +0.6%
Elon is in the smallest office in the White House to deal with the largest waste and fraud cases, and space matters is like me playing Zelda with a controller.
The Fed is currently in “wait and see” mode. Essentially, all the weighted data on their dashboard is significantly lagging behind the real situation—and that’s the situation.
They’ve drifted away from the idea of “preemptive monetary policy,” which they emphasized during the first rate cut last year, right before the election. Now, they’re unable to address problems before—or even as—they arise.
So back to the first principle of the topic, is US economy fine?