✉news BusinessBanking first seen 4 h ago, last 4 min ago, peak #16
Bill Ackman says the Fed 'just made a mistake' on rates
Original: Bill Ackman thinks the Fed ‘just made a mistake’ — and higher rates will make inflation worse, not better
Billionaire hedge fund manager Bill Ackman criticised the Federal Reserve, arguing its latest rate decision was a mistake and that higher rates will make inflation worse rather than better. He joins a group of investors and economists who contend that raising borrowing costs raises business expenses and housing costs, which can feed into prices instead of curbing them.
Why now: Markets are debating the Fed's latest rate hike and whether it will actually bring inflation down.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 4 min ago.
Evidence
- Bill Ackman thinks the Fed ‘just made a mistake’ — and higher rates will make inflation worse, not better · moneywise.com
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