(The Business Insider) The world’s largest hedge fund told clients the Federal Reserve was making a mistake by raising interest rates. “The Fed is basing its moves on classic cyclical indicators and the desire to ‘normalize’ the balance sheet,” Bridgewater Associates told clients in a private note…. “Based on the calculations that we do, we doubt that the Fed will be able to execute its plan without causing problems.”
The World’s Largest Hedge Fund Told Clients the Fed is Making a Mistake
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