(CNBC) Hedge fund billionaire Paul Tudor Jones knows that the stock market is facing a reckoning as the Federal Reserve continues its cycle of raising interest rates to combat inflation. “Obviously, what typically starts bear markets is interest rates get so high they click it,” Jones told CNBC on Friday in an interview with Jim Cramer. “We’re clearly going through a tightening cycle. At some point, they’re going to stop.”
Paul Tudor Jones: Rising rates typically cause bear markets, but it’s not at the tipping point yet
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