Does easing US inflation point the way for the world?

“We saw this really dramatic appreciation of the dollar when the US was really moving most forcefully against inflation earlier in 2022,” says Kathryn Dominguez, a professor of economics and public policy at the University of Michigan, who notes that many companies around the world borrow and trade goods in the currency, which soared 18% in the first nine months of 2022 before starting to retreat.