“How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” hedge-fund billionaire Bill Ackman said.
“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’”
Read the whole thread for the flavor. Ackman’s beef is that the Fed, despite raising rates by an outsize 50 basis points, or half a percentage point, earlier this month and signaling at least two more half-point hikes are in store at coming meetings, is set to remain well behind the curve. Atlanta Fed President Raphael Bostic on Monday said a September pause in rate increases to reassess could make sense, according to news reports.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Says a Fed Digital Dollar Spells Destruction for BanksWall Street banks are warning the U.S. central bank that a digital dollar could doom the mainstream banking system. Jesseahamilton reports
Read more »
Fed report shows crypto is favored as an investment toolIn 2021, 12% of adults held or used cryptocurrency, according to the report, and they were more likely to hold as an investment.
Read more »
Opinion | Princeton Fed Me to the Cancel Culture MobFrom WSJopinion: Nearly two years ago, I wrote in these pages, 'I survived cancellation at Princeton.' I was wrong. Whoever you are and whatever your beliefs, this should terrify you, writes Joshua Katz.
Read more »
Fed Searches for the Magic Number to Cool a Red-Hot U.S. Housing MarketThe central bank must decide on an interest rate that will cap sky-high price growth without triggering a painful economic slowdown. “This is not a market that 5% interest rates are going to scare at all.”
Read more »
Ben Bernanke assesses the Fed, Powell and inflationFormer Federal Reserve Chairman Ben Bernanke draws from his own experience in handling the financial crisis of 2007-2009 as current Chairman Powell faces his own as inflation rages.
Read more »
Guggenheim's Minerd says S&P 500's decline could double from here if Fed keeps hiking ratesScott Minerd sees the stock market decline continuing throughout the summer.
Read more »