Key Words: Here’s what Bill Ackman says Powell should say about how high Fed rates can go

by | Jul 27, 2022 | Stock Market

“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the @federalreserve to immediately lower rates after just raising them?”

— Bill Ackman, founder and CEO, Pershing Square Capital Management

That’s billionaire hedge-fund manager Bill Ackman …

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