U.S. Attracts Even More Global Capital

Bloomberg: “The US has nabbed almost one-third of all the investment that flowed across borders since Covid struck… The pre-pandemic US average share was just 18% … For all the angst over the dollar’s dominance, a run-up in US interest rates to the highest levels in decades proved a major draw for overseas investors.”

“The US has also pulled in a fresh wave of foreign direct investment (FDI) thanks to billions of dollars worth of incentives under President Joe Biden’s initiatives to spur renewable energy and semiconductor production.”