Renowned investor Ray Dalio has lent his voice to the growing concern over the Federal Reserve’s policy decisions. Dalio’s remarks align with those of former U.S. Treasury Secretary Larry Summers, who has been cautioning against potential rate cuts in the current economic climate. What Happened: Dalio, the founder of Bridgewater Associates, one of the world’s largest hedge funds, endorsed Summers’ views on inflation and the Fed’s precarious position. Summers highlighted the acceleration of the Employment Cost Index (ECI) and housing price inflation, indicating that inflation is not firmly head…
