Odaily News Traders believe that Trump 2.0 will lead to inflation, so they are betting that U.S. Treasury yields and the dollar will strengthen. But the momentum of this trade has weakened in recent weeks as Democratic candidate Harris has changed the campaign and eliminated Trump's advantage in the polls. As traders prepare for the Fed's shift, the Bloomberg Dollar Spot Index has fallen nearly 2% so far in August, the biggest drop since the market prematurely prepared for the Fed's shift at the end of last year. This time, however, Fed officials made it clear that as inflation cools, they are finally ready to start the first rate cut of this cycle. (Jinshi)