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

Ackman was interviewed on CNBC. He has been more in the spotlight recently since his great call on bonds a few months back:

And again, from a couple of weeks back:

Just last week:

From his interview Monday, some highlights:

  • Fed is probably done
  • 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
  • The level of real interest rates is high enough to slow things down
  • High mortgage rates … high credit card rates, they’re starting to really have an impact on the economy

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