THE FED - Billionaire Bill Ackman expects the U.S. Federal Reserve could start cutting interest rates in the first quarter, sooner than most investors expect, Bloomberg reported on Tuesday.
Bloomberg cited comments from the founder of hedge fund Pershing Square Capital Management on an upcoming episode of The David Rubenstein Show: Peer-to-Peer Conversations.
Interest rate futures suggest many traders expect the Fed to start cutting rates in the second quarter of 2024, according to the CME Fedwatch Tool.
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