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The GP is living in a different country, that doesn't use USD as the currency. They already have high inflation. The change in the US interest rate would be exp
by jsnell 4y ago
The GP is living in a different country, that doesn't use USD as the currency. They already have high inflation. The change in the US interest rate would be expected to strengthen the dollar. This makes dollar-based imports (i.e. oil and gasoline) more expensive in their local market, fueling inflation further.
- grepLeigh 4y agoThank you for explaining this!