MarketWatch – The Federal Reserve appears on track to deliver a rate hike this year, but hedge-fund billionaire Ray Dalio is worried the central bank has little ammunition available to combat an economic downturn if tighter policy should “knock over the apple cart.”
In a March 11 note to clients reported Tuesday by Valuewalk and the Financial Times (and posted here by the FT), Bridgewater Associates founder Dalio and Mark Dinner write that it will be difficult for the Fed not to deliver on a rate hike after previously signaling rates will likely rise in June or September.
