finance economics

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

Investing in U.S. Treasuries appears to have lost its allure. A hedge fund titan forecasts that the Fed will not "significantly lower interest rates."

2024/10/10

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Ray Dalio, co-founder of Bridgewater, the world's largest hedge fund known as the "king of hedge funds," stated that due to recent volatility in the U.S. bond market, U.S. Treasury bonds have become a risky investment. He also predicted that the Federal Reserve (Fed) is unlikely to significantly lower interest rates in the near future.

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According to Bloomberg, Dalio mentioned at the Greenwich Economic Forum that U.S. Treasuries are no longer a good investment, as the bond market is facing interest rate risks. He believes investors are overly eager to bet on rapid rate cuts. Last month, the Fed lowered the benchmark interest rate by 0.

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