Posted 11/29/2023, 12:36:00 AM
Billionaire Ackman Urges Fed to Cut Rates Soon to Avoid Economic 'Hard Landing'
- Billionaire investor Bill Ackman believes the Fed should start cutting interest rates soon to avoid economic "hard landing"
- He thinks a rate cut could happen as early as Q1, while markets expect June cut
- Fed has raised rates aggressively since March 2022, fastest pace in 40 years
- Ackman sees high real interest rates now that inflation is declining
- He's not convinced of a "soft landing" for economy, sees signs of weakness