“Bloomberg Markets: Asia” offers essential insights into Hong Kong and mainland markets, presented by Haslinda Amin. Stay informed with the latest news and analysis to prepare for your trading day.
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“Bloomberg Markets: Asia” offers essential insights into Hong Kong and mainland markets, presented by Haslinda Amin. Stay informed with the latest news and analysis to prepare for your trading day.
Dalio Advocates for 25 Basis Point Rate Cut in US Economy | Bloomberg Markets: Asia 09/17/2024
Ray Dalio, the renowned billionaire investor and founder of Bridgewater Associates, recently indicated that the current state of the U.S. economy justifies a 25 basis point interest rate cut. Speaking on Bloomberg Markets: Asia, Dalio highlighted the economic signals, including slowing growth and inflationary pressures, that suggest a need for monetary easing. He believes that the Federal Reserve should act preemptively to sustain economic momentum and consumer confidence.
Dalio‘s comments come in the context of ongoing global economic…