In August, consumer prices surged, strengthening the anticipation of Federal Reserve rate hikes. The core inflation saw its most substantial rise in four months, pointing to ongoing price pressures across the economy. Rising energy costs have affected multiple sectors, with consumers bracing for higher inflation expectations that may dampen economic sentiment. The Federal Reserve now faces increased pressure to manage rising costs and ensure price stability.
De-dollarisation and its impact on commodities and global trade
For decades, the US dollar has dominated global trade and commodity markets. Most commodities, including crude oil, natural gas, gold, industrial metals, and agricultural products,