Ray Dalio Says the US Is ‘Certainly in a Stagflationary Period’ and Cutting Interest Rates Now Would Be a Costly Mistake

Billionaire investor Ray Dalio says the United States is unambiguously in a stagflationary period, and that any move by the Federal Reserve to cut interest rates in the current environment would be a serious and damaging error. submitted by /u/Secure_Persimmon8369 [link] [comments]