'Tariffs Are Inflationary': IMF Deputy Chief Rejects Trump's Trade Policies As Elections Loom
Portfolio Pulse from Piero Cingari
IMF Deputy Chief Gita Gopinath warns that tariffs are inflationary, countering Trump's pro-tariff stance. Tariffs could increase U.S. inflation, complicating the Federal Reserve's efforts to control it. The U.S. Dollar Index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), has risen, reflecting investor concerns.
October 25, 2024 | 1:31 pm
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The U.S. Dollar Index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), has climbed for four consecutive weeks, reaching its highest level since late July. This rise reflects investor concerns about inflationary pressures and future fiscal policy.
The article highlights the rise in the U.S. Dollar Index, which is tracked by the UUP ETF. This increase is attributed to investor concerns about inflationary pressures and fiscal policy, suggesting a positive short-term impact on the UUP ETF as the dollar strengthens.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80