[Ray Dalio: The U.S. Economy Has Fallen into a Stagflation Environment, the Fed Should Not Cut Rates] According to a report by Jinse Finance, on April 28, Bridgewater founder Ray Dalio warned that the U.S. economy has fallen into a stagflation environment, and it would be a mistake for Federal Reserve Chair nominee Waller to lower interest rates. Persistent inflationary pressures combined with slowing economic growth undoubtedly place the economy in a period of stagflation, requiring policymakers to exercise caution. He also stated that even with the ongoing Iran war, the strong rebound in the stock market is reasonable, primarily driven by robust corporate earnings. (Dongxin News Agency)