Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’

Key Points

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.”
“The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping them not so high that they’re problematic for the debtor,” the founder of Bridgewater Associates told CNBC’s “Squawk Box Asia.”

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Finance

Here’s the deflation breakdown for September 2024 — in one chart

October 11, 2024

Key Points Deflation has occurred in segments of the U.S. economy over the past year, according to the consumer price index. Some imported goods, consumer electronics, and energy and food items have seen declines in price. Deflation is rare across the broad economy, economists said. Businesses don’t typically reduce prices. Source

Finance

Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more

October 11, 2024

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]

Finance

Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’

October 11, 2024

Key Points JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion of Ukraine showing no signs of abating. “We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said […]