Holy crap, the sky is falling! Dalio just shattered Wall Street's blind fantasy about the Fed cutting rates soon. In a recent interview, he made it clear that if the incoming chair decides to cut rates at the next meeting, it would be a fatal mistake. He pointed out that current inflation data is still far from the official safety line. Forcing a rate cut at this point would completely destroy the Fed's policy credibility. Anyone objectively assessing the situation would conclude that rate cuts are absolutely off the table. He even dropped a brutal macroeconomic reality check. The entire U.S. economy is now undeniably stuck in a stagflation cycle. Compared to the monetary policy trends of other countries, no central bank would dare hit the easing button in this scenario. Unless inflation indicators genuinely fall back to target levels, or the job market experiences a substantial collapse. Otherwise, under the current macro framework, all rate cut expectations are nothing but wishful thinking.