Expectations of Federal Reserve rate hikes continue to heat up, and the U.S. dollar rises to a near two-month high.

Zhito Finance APP has learned that the U.S. dollar rose to its highest level in nearly two months on Wednesday. With inflationary pressures in the United States persisting and Federal Reserve officials successively sending hawkish signals, the market is betting that further rate hikes may still be possible in the short term, driving funds to continue flowing into the dollar. However, international oil prices have recently pulled back somewhat from their highs, and their subsequent trend may affect the global inflation outlook and become an important variable in the monetary policy of central banks around the world.