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Traders believe that Trump 2.0 will lead to inflation, starting to prepare for the Federal Reserve's pivot
Traders are betting on stronger Treasury yields and the dollar, betting that Trump 2.0 will lead to inflation. But the trade has lost momentum in recent weeks as Democratic nominee Harris has turned the race upside down and erased Trump's advantage in the polls. The Bloomberg Dollar Spot Index has fallen nearly 2% so far in August as traders prepare for the Fed pivot, its biggest drop since markets prematurely prepared for the Fed pivot late last year. Still, this...
2024-08-30 11:46:36
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