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Ray Dalio Says Central Banks to Cut Rates in 2024, AFR Reports

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Ray Dalio Sees Central Banks Cutting Rates in 2024: AFR

Billionaire hedge fund founder Ray Dalio said central banks across the globe will be required to cut interest rates in 2024 after a period of stagflation constrains their economies, according to the Australian Financial Review.

“We believe that we are in a tightening mode that can cause corrections or downward moves to many financial assets,” Dalio, the founder of Bridgewater Associates LP, said in an interview with the newspaper. “The pain of that will become great and that will force the central banks to ease again probably somewhere close to the next presidential elections in 2024.”