Ray Dalio: Quarter-Point Fed Cut ‘Right Thing’ for Creditors

Bridgewater Associates founder Ray Dalio says the overall state of the US economy probably warrants a smaller interest-rate cut by the US Federal Reserve this week. "25 basis points would be the right thing to do if you look at the whole picture,” Dalio tells Bloomberg Television on the sidelines of the Milken Institute Asia Summit 2024. “If you look at the mortgage situation, which is worse and that affects more people, then it’s probably 50 basis points.”
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