Fed's Powell 'is Scrooge McDuck' to markets: Strategist

The Federal Reserve has signaled on multiple occasions that they will keep interest rates higher for longer, much to the chagrin of some investors. The Fed's policies, mixed with a myriad of economic headwinds, have simultaneously opened up new opportunities for investors, including parking investments in fixed-income.

Ruffer, a UK-based fund known for winning bets made in the volatility market, is now hoping for a big upswing in the Japanese yen. Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 billion in 2017, per Bloomberg.Blue-chip TSX banks such has Toronto-Dominion Bank are undervalued and offer you to benefit from a high dividend payout. The post Invest in the Canadian Banks When They Hit This Important Buy Point appeared first on The Motley Fool Canada.

-- A top Bank of Canada official said the central bank has the flexibility to lower interest rates before inflation reaches the 2% target.

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