The Federal Reserve's broad nominal U.S. dollar index has appreciated over 10 percent year to date. 5 On balance, dollar appreciation tends to reduce import prices in the United States. But in some other jurisdictions, the corresponding currency depreciation may contribute to inflationary pressures and require additional tightening to offset.
It is a set of proposals to revise and update EU legislation and put in place new initiatives with the aim of ensuring that EU policies are in line with the climate goals agreed by the Council and the European Parliament. 17. The European Commission estimates that REPowerEU financing needs (to reduce fossil fuel dependence on Russia to zero, i.e.