Uncle Sam's Dollar Gets European Reality Check
Key Points
- U.S. economy is shrinking at a 2.4% rate, while the dollar w...
Remember those good old days when America's economic prowess was as undisputed as a New Yorker's ability to spot a tourist? Well, 2025 might just be serving us a slice of humble pie with a side of European vindication.
Dollar's Ego Takes a Hit
The Atlanta Fed's GDP tracker just dropped a bombshell showing Uncle Sam's economy shrinking at a 2.4% annualized rate (March 8, 2025). Meanwhile, the U.S. dollar is doing its best impression of a deflating balloon, with investors giving those star-spangled returns the side-eye. The premium between U.S. and European two-year rates has gotten thinner ...
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