Ray Dalio says central banks will cut rates ... in 2024

Dalio was interviewed by Australian financial media:

• “We believe that we are in a tightening mode that can cause corrections or downward moves to many financial assets,” he said.
• “The pain of that will become great and that will force the central banks to ease again, probably somewhere close to the next presidential elections in 2024.”

Australian Financial Review link is here for much more.

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Earlier we had Commonwealth Bank of Australia saying the same thing about the Reserve Bank of Australia:

• CBA is tipping the Reserve Bank of Australia to cut rates ... in late 2023

Late 2023 and 2024 rate cut forecasts ... Sheesh, I could be dead by then.

Anyone remember the RBA's own 2024 forecast? This from early 2021:

• The RBA says it won't be hiking the cash rate for three years. As if.

The RBA has a hard enough time seeing the nose on its face let alone 3 years down the track.

aud AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term