Investment tycoon Bill Ackman advocates for immediate interest rate reduction by the Federal Reserve, expressing concerns about a potential slowdown in the US economy.
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Headline: Bill Ackman Pushes for Rate Cut Amidst US Economic Uncertainty
Subhead: Celebrated hedge fund manager Bill Ackman weighs in on the Federal Reserve's interest rates amidst economic slowdown triggered by President Trump's tariff policies.
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Bill Ackman, CEO of Pershing Square Capital Management, has advocated for the Federal Reserve to slash interest rates due to a weakening US economy. In a recent CNBC interview, Ackman claimed that President Trump's Liberation Day, which imposed tariffs on foreign goods and revitalized domestic manufacturing, has caused uncertainty for many businesses, leading to a deceleration in the economy[1].
While Ackman calls for an abrupt rate cut, the CME Group's Fed Watch Tool suggests a 95.2% chance of policymakers keeping interest rates steady this month[1]. The next announcement from the Federal Open Market Committee (FOMC) is expected on May 7th[1].
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[1] Monetary Policy Report
[2] Federal Open Market Committee (FOMC) Meeting Minutes
[3] Federal Reserve Interest Rates
[4] Inflation
[5] Employment
- In the ongoing discussions about cryptocurrency and finance, billionaire investor Bill Ackman has called for a rate cut from the Federal Reserve due to economic uncertainties caused by President Trump's tariff policies.
- Despite Ackman's call, the CME Group's Fed Watch Tool predicts a 95.2% chance of policymakers keeping interest rates steady this month, with the next announcement from the Federal Open Market Committee (FOMC) expected on May 7th.
- Meanwhile, in the crypto trading world, various announcements are made such as the start of the World's First International Crypto Trading Cup, the $17 million funding raised by T-Rex, a new purpose-built blockchain, and more.
- In a positive sign for the crypto market, a trader predicts a potential 150% surge for crypto, suggesting that the market may have passed its most aggressive selling phase.
- The Daily Hodl, your go-to source for updates on Bitcoin, Ethereum, trading, altcoins, and more, continues to cover the future of finance, including macro, web 3, and blockchain.