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Billionaire investor Bill Ackman warns inflation is spiraling - and predicts the Fed will hike interest rates to over 5% next year

7 days ago   |   By Business Insider

Bill Ackman. Mike Blake/ Reuters
Bill Ackman warned inflation is out of control, and investors aren't taking the Fed seriously.
The Pershing Square boss expects the Fed to hike interest rates by 0.75 basis points in July.
Ackman predicted the federal funds rate would soar past 5% next year.
Bill Ackman rang the inflation alarm, warned the Federal Reserve isn't being taken seriously, and suggested interest rates could soar past 5% next year. "Inflation is out of control and inflationary expectations have become unanchored," the Pershing Square boss wrote in a Twitter thread on Thursday...
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The Fed's latest interest rate hike has some congressional lawmakers worried

7 days ago   |   By NPR

The chairman of the Federal Reserve acknowledges combating inflation with higher interest rates could lead to a recession. He argues a bigger risk would be to let high inflation become entrenched.
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