Posted inLEAD STORY, NEWS
Bremont’s billionaire backer calls for interest rate cuts to prevent hard landing for US economy
Billionaire investor Bill Ackman fears the US market is heading for a hard landing if the Federal Reserve fails to cut interest rates. Like the UK, America’s central bank has been battling inflation by raising interest rates. The medicine appears to be working, with inflation down to around 3%, but the consensus of financial analysts […]
