Ackman Shifts Stance on Economy, Ends Bet Against Bonds on Recession Fears

Billionaire investor Bill Ackman recently ended his bet against 30-year Treasury bonds, citing concerns about a slowing economy and global conflicts.

Ackman had previously warned higher inflation was coming and shorted bonds, profiting as yields rose.

Now Ackman believes the economy is slowing faster than data suggests amid risks like the Russia-Ukraine war.

Some still think high inflation will persist, requiring the Fed to keep rates high, unlike in Ackman's view.

Ackman's shift highlights debate around the economy's path - high inflation and rates or potential recession.