Ray Dalio is the head of one of the biggest hedge funds in the world cautioned the Federal Reserve not to rush to hike interest rates but to wait for the signs of inflation.
Dalio’s firm manages $163 billion overall, including nonhedge fund money.
He said, “If I were running monetary policy, I’d wait to see for the whites of the eyes of inflation.”,
He felt that the Fed must not be ahead of market expectation on increasing rates. It is widely expected that the first hike will happen in summer though many experts contend that it could happen much earlier.
Fesa are keeping their fingers crossed and waiting for the Labor Department to issue the September employment figures on Friday. Experts opine that 215,000 nonfarm payrolls were created last month. However the disappointing August growth numbers of 142,000 are expected to be revised further.
The Labor Department provides another piece of the economic puzzle for the Fed to consider, when it issues the September employment Friday. Economists forecast that the disappointing August growth number of 142,000 jobs was expected to be revised higher.cialis hearing loss