Ray Dalio Expects Interest Rates Over 4.5% and Stocks Down 20%

Ray Dalio, founder of Bridgewater on Tuesday penned on his LinkedIn a bearish outcome for the US economy and with it stocks and bonds after August’s U.S. CPI came in much hotter than expected. Core CPI rose to 6.3% y/y vs 6.1% expected and 5.9% prior. “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range) … The process starts with inflation. Then it goes to interest rates, then … Continue reading “Ray Dalio Expects Interest Rates Over 4.5% and Stocks Down 20%”