ICYMI – Pershing Square’s Ackman said the US economy beginning to slow, & the Fed is done

<p>Ackman was interviewed on CNBC. He has been more in the spotlight recently since his great call on bonds a few months back:</p><ul><li><a href="https://www.forexlive.com/news/bill-ackman-is-shorting-bonds-20230803/" target="_blank" rel="follow">Bill Ackman is shorting bonds – sees a world of persistent circa 3% inflation</a></li></ul><p>And again, from a couple of weeks back:</p><ul><li><a href="https://www.forexlive.com/centralbank/hedge-fund-manager-ackman-expects-even-higher-long-term-us-rates-20230922/" target="_blank" data-article-link="true">Hedge fund manager Ackman expects even higher long term US rates</a></li></ul><p>Just last week:</p><ul><li><a href="https://www.forexlive.com/centralbank/bill-ackman-says-inflation-will-be-persistently-high-10-30-year-usts-can-hit-5-20230928/" target="_blank" rel="follow" data-article-link="true">Bill Ackman says inflation will be persistently high, 10 &amp; 30 year USTs can hit 5%</a></li></ul><p>From his interview Monday, some highlights:</p><ul><li>Fed is probably done</li><li>I think the economy is starting to slow … is still solid, but it’s definitely weakening. Seeing lots of evidence of weakening in the economy</li><li>The level of real interest rates is high enough to slow things down</li><li>High mortgage rates … high credit card rates, they’re starting to really have an impact on the economy</li></ul><p>Check this out":</p><ul><li><a href="https://www.forexlive.com/news/the-us-may-be-entering-an-era-of-higher-yields-but-the-rest-of-the-world-isnt-20231002/" target="_self">The US may be entering an era of higher yields but the rest of the world isn't</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.