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"The Fed looks set to deliver a series of rate hikes that other central banks will increasingly struggle to match," Goldman Sachs' strategists said.
"Lower global growth will likely create a modest drag on US inflation, mostly because lower foreign demand leads to softer import and oil prices."
"We're monitoring currency movements and their impacts very closely," US Treasury Secretary Janet Yellen told the Financial Times.
Countries around the world are battling to defend their currencies against the surging greenback.
The Fed has set a blazing pace of rate hikes that policymakers around the world are trying to keep pace with.