Bill Ackman bets on possible Fed interest rate cut in Q1
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Bill Ackman, THE billionaire founder by Pershing Square Capital Management, anticipates THE Federal Reserve has throw interest rate cuts earlier that walk predictions.
What Arrived: Ackman predicted THE rate cuts could take place as early as THE future quarter, Bloomberg reported. Currently, walk data Since trades suggests A 80% probability of A rate cut by Can, with traders fully waiting A cut by June.
Despite THE the steepest rate hiking In 40 years that begin In March 2022, the central bank has Again to implement any of them rate cuts, even in the middle of A general to slow down In WE. inflation This year.
Ackman Express her apprehensions about THE real rate of interest rising while inflation East on THE decline during A Future episode fromThe David Rubenstein To show: Peer-to-peer conversations.
See Also: S&P 500 HAS 5,000 In 2024? Bank of America Optimistic Forecast Diversified Beyond Gorgeous 7
He warned that if rates are maintained around THE 5.5% range while inflation drops below 3%, he could result In A significantly high real rate of interest.
"I think There is A real risk of A hard landing if THE fed doesn't to start Cut rates pretty Soon," said Ackman.
For what He Questions: Expectations concerning interest rates to have taken A conciliatory turn Since THE Federal Reserves policy definition meeting earlier This month. After recent inflation data noted A continue to slow down In consumer And producer price inflation, WE. interest rate markets were predict A 65% chance that THE fed would be decrease rates by Can 2024. There are fears that both economic growth And business profits will slow down if THE fed persists with It is "upper For longer" post.
Earlier, In October, Bank of America analysts projected that THE Federal Reserve would be continue increasing interest rates In December 2023, following A "watch And see" period. This assumption was supported by THE do that THE three most significant monthly economic indicators — THE jobs report, THE Consumer Price Hint (CPI), And retail sales — all outperformed expectations.
Read Next: United States Actions On Track HAS Break As Recent Earnings, Lots of data Week Give back Mood Careful: For what This Analyst Think
Collage created using photo by Center For Jewish History, new York on Wikimedia And engine akyurt on Unsplash
Designed by Benzinga Neuro, Edited by Pooja Rajkumari
THE Based on GPT-4 Benzinga Neuro content generation system Exploits THE extensive Benzinga Ecosystem, including native data, Apis, And more has create complete And timely store...
Bill Ackman, THE billionaire founder by Pershing Square Capital Management, anticipates THE Federal Reserve has throw interest rate cuts earlier that walk predictions.
What Arrived: Ackman predicted THE rate cuts could take place as early as THE future quarter, Bloomberg reported. Currently, walk data Since trades suggests A 80% probability of A rate cut by Can, with traders fully waiting A cut by June.
Despite THE the steepest rate hiking In 40 years that begin In March 2022, the central bank has Again to implement any of them rate cuts, even in the middle of A general to slow down In WE. inflation This year.
Ackman Express her apprehensions about THE real rate of interest rising while inflation East on THE decline during A Future episode fromThe David Rubenstein To show: Peer-to-peer conversations.
See Also: S&P 500 HAS 5,000 In 2024? Bank of America Optimistic Forecast Diversified Beyond Gorgeous 7
He warned that if rates are maintained around THE 5.5% range while inflation drops below 3%, he could result In A significantly high real rate of interest.
"I think There is A real risk of A hard landing if THE fed doesn't to start Cut rates pretty Soon," said Ackman.
For what He Questions: Expectations concerning interest rates to have taken A conciliatory turn Since THE Federal Reserves policy definition meeting earlier This month. After recent inflation data noted A continue to slow down In consumer And producer price inflation, WE. interest rate markets were predict A 65% chance that THE fed would be decrease rates by Can 2024. There are fears that both economic growth And business profits will slow down if THE fed persists with It is "upper For longer" post.
Earlier, In October, Bank of America analysts projected that THE Federal Reserve would be continue increasing interest rates In December 2023, following A "watch And see" period. This assumption was supported by THE do that THE three most significant monthly economic indicators — THE jobs report, THE Consumer Price Hint (CPI), And retail sales — all outperformed expectations.
Read Next: United States Actions On Track HAS Break As Recent Earnings, Lots of data Week Give back Mood Careful: For what This Analyst Think
Collage created using photo by Center For Jewish History, new York on Wikimedia And engine akyurt on Unsplash
Designed by Benzinga Neuro, Edited by Pooja Rajkumari
THE Based on GPT-4 Benzinga Neuro content generation system Exploits THE extensive Benzinga Ecosystem, including native data, Apis, And more has create complete And timely store...
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