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The US dollar is on track for its worst year in modern history

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124 points harambae | 2 comments | 04 Jul 25 06:47 UTC | HN request time: 0.418s | source
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rgmerk ◴[04 Jul 25 07:56 UTC] No.44462229[source]▶
It seems that no one is prepared to point out the obvious - devaluation of the dollar is a cut in American living standards.
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1. pavlov ◴[04 Jul 25 08:01 UTC] No.44462263[source]▶
Tariffs and a devaluating currency are a double whammy of inflation on imports.

It will be reflected in overall inflation statistics, and that limits the Fed’s ability to cut rates.

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2. thrance ◴[05 Jul 25 09:03 UTC] No.44471238[source]▶
> that limits the Fed’s ability to cut rates.

Only insofar as it remains sort of independent. Trump has ranted several times already about taking control of the thing and forcefully cutting rates.