Ray Dalio Sees Central Banks Cutting Rates in 2024: AFR

Ray Dalio's recent comments suggest that while we are currently in a tightening monetary policy phase, there may be a shift towards easing in the future, particularly around the 2024 presidential election. He predicts a stagflation environment, echoing warnings from the World Bank. Markets are already pricing in future rate cuts, which is not unusual given the current rate hikes. The discussion highlights the potential for corrections in financial assets and the growing warnings about economic conditions.

What warning did the World Bank provide regarding the economic environment?

What trends are being observed in the US markets regarding interest rates?