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Ray Dalio (above), billionaire founder of investment firm Bridgewater Associates, has warned that planned federal interest rate hikes will send stocks down 20%

Billionaire Economist Predicts Fed Interest Rate Hike to 4.5% Will Crater Stocks a FIFTH

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A billionaire economist has warned that the Federal Reserve’s upcoming interest rate hikes will send the stock market down 20%. Ray Dalio, founder of investment firm Bridgewater Associates, agreed with forecasts that the central bank would hike interest rates another 75 percentage points and that the year would end with interest rates at 4, 5%. …

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Fed's Waller predicts 'significant' rate hike this month, backs data-dependent approach

Fed’s Waller predicts ‘significant’ rate hike this month, backs data-dependent approach

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On Friday, Federal Reserve Governor Christopher Waller echoed recent sentiments from his colleagues, saying he expects a big hike in interest rates later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data says. “Looking ahead to our next meeting, I support another significant increase …

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