U.S. Dollar  All Time High After  Two Decades:  What it's Impact

As per the reports that US Dollar Hit Higher value a two decades.

The chairman of the Federal Reserve says the central bank will keep fighting inflation.

Earlier on Monday, the Dollar Index, which compares the value of the dollar to a basket of six other major currencies, increased by more than 0.6%

peaking at 109.44 points before falling to 109.22 points.

In July of this year, the index briefly reached 109, but Monday's summit marks the highest ever.

13.5%. That is the increase in the US dollar's value since the year 2022 began.

Powell anticipates a "sustained period of below-trend growth" as a result of the Fed's actions.