- What the Fed does won’t make difference long term, Dalio says
- Capital Group’s Jonsson says China slowdown a ‘big concern’
The size of the Federal Reserve’s interest rate cut this week won’t be a game changer for global investors, though risks from China’s slowdown continue to weigh on their minds, according to participants at a regional forum.
Bridgewater Associates founder Ray Dalio said what the Fed will do this week “doesn’t make a difference” over the longer term as policymakers will ultimately need to keep real interest rates low to allow servicing of mounting debts.