Fortune: Legendary Investor Ray Dalio Says the Stock Market Has Further to Fall Before a Recession Hits

Article by Colin Lodewick in Fortune

For much of this year, the Fed has held steadfast to its goal of a “soft landing” for inflation, the idea of vanquishing inflation without a dramatic economic downturn. 

But despite several interest rate hikes, inflation is still running hot, and business leaders are saying that it’s not a matter of if a recession will happen, but when.

“You’re starting to see all the classic early signs,” he said. 

Those signs, he said, are contraction in the housing and auto sectors, which are the first to be impacted by the Fed’s higher interest rates. It’s not the first ......

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