In an October 21 interview with Larry Kudlow, Forbes media chairman and editor-in-chief Steve Forbes argued that inflation reaching grocery, fuel and household bills comes from a weak dollar, even as third-quarter GDP grew 3.5%. He urged the Fed to “cut the printing presses and shrink the balance sheet and appreciate the dollar,” as rate hikes cannot address import-driven price increases. He cited import prices up 8%, with non-fuel import prices up 6% and fuel import prices up 5% last month. The article notes that Walmart, Target, Costco and TJX booked tariff refunds that lifted margins, with Target's $994 million pretax refund pushing adjusted EPS to $4.11, while a stronger dollar would lower costs for importers but weigh on commodity producers, gold and companies such as Apple with large foreign exchange exposure.
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DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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