A billionaire economist has warned that the coming interest rate hikes will lead to the stock market plummeting by 20 percent.Ray Dalio, founder of the Bridgewater Associates investment company, joined predictions that the central bank would increase interest rates by another historical 75-percentage points, and that the year would end with interest rates at 4.5 percent.It would be nearly double from the current range of 2.25 and 2.5 percent, which Dalio would plunge stocks by a fifth as Wall Street's three major indexes have already seen a more than 9 percent drop this past month.
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