strong dollar

Subscribe to Best of NPR Newsletter

A bad year for Wall Street gets even worse, as stock markets finish September down

Traders work on the floor of the New York Stock Exchange (NYSE) on September 23, 2022 in New York City. Spencer Platt/Getty Images hide caption

toggle caption

Spencer Platt/Getty Images

Business

A bad year for Wall Street gets even worse, as stock markets finish September down

October 1, 2022 • Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

A bad year for Wall Street gets even worse, as stock markets finish September down

Listen · 3:49 3:49

Download
Embed <iframe src="https://www.npr.org/player/embed/1126224811/1126387862" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Transcript

The dollar is surging. This is who gets helped — and hurt — by its newfound strength

As the Federal Reserve has raised interest rates to fight high inflation, the U.S. dollar has strengthened significantly. Matt Cardy/Getty Images hide caption

toggle caption

Matt Cardy/Getty Images

Business

The dollar is surging. This is who gets helped — and hurt — by its newfound strength

September 27, 2022 • The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.