Dalio Warns of Stagflation, Global Tensions

0:00It's April 28, I'm Cory with the story. This is US News Today, driven by AI and built for America. Billionaire investor Ray Dalio, who nailed the 2008 financial crash, is sounding the alarm on the US economy. He sees that sliding into speculation that nasty combo of high inflation and slow growth fueled by sticky prices and global tensions. Lately, inflation picked up steam, hitting 3.3% for the year through March, up from 2.4% the months before. Energy costs drove most of that jump, making it tougher for the Federal Reserve to ease up. Dalio ties this to rising risks from middle east flare-ups and big power rivalries, warning they could spark wider conflicts. For him, it's the perfect storm hitting markets and leaders hard. Recent data shows the economy's mixed bag with growth holding, but dangers piling up. Officials like the Fed are under pressure not to cut rates now, or risk losing trust, and markets bet on steady policy through the year.

1:01All this uncertainty means policymakers can't afford slip-ups, as economic woes plus global fights could turn a rough patch into something much worse. Keep watching how it unfolds.