Reported about 7 hours ago
In light of speculation regarding U.S. President Trump's potential firing of Federal Reserve Chair Jerome Powell, hedge funds are adjusting their strategies. Key recommendations include investing in short-dated U.S. Treasuries and convertible bonds, particularly from Coinbase, as traders anticipate interest rates to be cut. This shift could weaken the dollar and affect various markets, especially Japanese exporters, depending on the direction of monetary policy under a new Fed chair.
Source: YAHOO