Bill Ackman

The Federal Reserve will raise its policy rate to 4-5% by 2023.

“in order to stop the inflationary spiral, the Fed will need to rapidly raise rates to 4-5% by next year, which hopefully will be enough to snuff inflation.”

Said on

4 July 2022 · Twitter thread posted on July 4, 2022

Source

Ackman's Pershing Square Posts More Losses as Recession Fears Overtake Inflation Worries · Institutional Investor

Should come true

2023

How sure they sounded

will need to

Categories

EconomyMarkets

Importance

3 of 5 · US monetary policy path affects the whole US economy and global markets

Outcome

Accurate Happened 14 December 2022.

The Fed raised the federal funds target to 4.25-4.50% on Dec 14, 2022 and to 4.75-5.00% by March 2023, inside the 4-5% range he named and within the window (it later peaked at 5.25-5.50% in July 2023).

Evidence:

• https://www.federalreserve.gov/monetarypolicy/openmarket.htm