Ray Dalio’s warning comes amid a consumer price hike triggered by the Iran war and an economic downturn The US has slipped into stagflation for the first time in decades, billionaire hedge fund boss Ray Dalio has said. The assessment comes despite the Federal Reserve’s insistence that the term overstates the current crisis, caused in large part by the war on Iran. Dalio, who founded the Bridgewater Associates hedge fund and is famed for correctly predicting the 2008 financial crisis, made the