Central Banks

Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First Quarter

Investor sees risk of ‘hard landing’ if Fed doesn’t cut
Ackman said he has observed evidence of weakening economy

WATCH: Bill Ackman says the Fed will cut rates sooner than people think.Show: Peer-to-Peer Conversations.” The full episode will air December 6th on Bloomberg Television.

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By Amanda Cantrell

November 28, 2023 at 11:12 PM UTC

Updated on

November 29, 2023 at 1:31 PM UTC

This article is for subscribers only.

Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting.

The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter. Traders had been fully pricing in a rate cut in June, according to swaps market data.