The Federal Reserve sets interest rates for banks. To slow rising prices, they have been increasing interest rates, which makes people want to buy more bonds be

The Federal Reserve sets interest rates for banks. To slow rising prices, they have been increasing interest rates, which makes people want to buy more bonds because they have better returns. As more money moves into U.S. dollar-based investments, the value of the dollar rises, and the investments based in other currencies that were sold to buy them decrease in value.