About this work
A stronger dollar narrows the room for monetary easing outside the United States. This December 2024 assessment contrasts differing policy paths in advanced economies with the growing influence of Federal Reserve decisions on emerging markets. Persistent core inflation, possible tariff effects and fiscal and geopolitical shifts complicate the choices facing central banks.
Cite this work
Marcello Estevão, Jonathan Fortun (2024). Global Macro Views: Central Banks in the Long Winter of Dollar Strength. Institute of International Finance.