Cathie Wood: Truflation data shows inflation has dropped to 0.86%, and the US dollar may experience a strong upward trend again.
According to Odaily, ARK Invest founder Cathie Wood stated that, based on Truflation data, the year-on-year US consumer price inflation has dropped to 0.86%, significantly lower than the 2%—3% range maintained over the past two years. She believes there is potential for inflation to decline further, or even turn negative, a view that differs from the forecasts of BlackRock and PIMCO.
Cathie Wood also pointed out that although the US Dollar Index (DXY) has recently pulled back, it has not collapsed. If the current administration's policies increase the US return on invested capital (ROIC) relative to other regions globally, the dollar could see a strong upward trend reminiscent of the "Reaganomics" era in the 1980s.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound: Range-bound ahead of UK Budget against US Dollar - HSBC
AUD/USD Price Forecast: Consolidates above 20-day EMA as focus shifts to Fed’s policy
Crypto Heads Into Fed Week With a Warning Sign in the Stablecoin Data

Euro struggles against Canadian Dollar despite lower oil prices
