Bridgewater Founder Dario Doesn't Think Fed Will Cut Rates ‘Significantly’

Billionaire investor Ray Dalio doesn't think the Federal Reserve will make a big cut in its benchmark interest rate after cutting it by 0.5 percentage points last month. The economy is in relatively good balance,’ Dario said. The Fed made its first rate cut in four years last month, but a strong jobs report came out later to open up space for policymakers to slow the pace of action. Dario also talked about the policies of U.S. presidential candidates Donald Trump and Harris and expressed concerns about the bond market. Dario pointed out that the supply and demand in the U.S. bond market is in an unusual state. U.S. bonds are a high percentage of institutional investors' portfolios and there is a sense of overweight. Geopolitical uncertainty is also one of the issues facing the U.S. bond market.