Dalio Urges Caution on Fed Rate Cuts Amid Economic Turmoil

Dalio warned of the potential negative impact of such aggressive or inappropriate rate cuts on the bond market, possibly steepening the yield curve, devaluing the dollar, and increasing gold prices. This indicates a shift away from bonds towards alternative assets due to currency concerns. Key Fed officials indicated a potential for rates to remain unchanged until at least September. Atlanta Fed President Raphael Bostic predicted only one rate cut this year.