Part 2/9:
Despite initial projections that anticipated a weakened dollar due to rate cuts by the Federal Reserve, the currency has gained strength. J. Powell and the Federal Reserve, once steadfast in maintaining higher rates for an extended period, adapted through a series of rate cuts that commenced in September. Critics initially claimed that the dollar's rise was linked to aggressive interest rate hikes, yet, intriguingly, with the Fed now lowering rates, the dollar has garnered even more strength.