Benzinga
Economy Is ‘Definitely Weakening’: Bill Ackman Warns Of A ‘Big Threat’ For Certain Americans. Here Are His Top 3 Holdings
Following the Federal Reserve’s 11 interest rate hikes, many experts have expressed concerns about the impact of higher rates on the American economy. According to Bill Ackman, CEO of Pershing Square Capital Management, the economy is starting to slow. “I think the level of real interest rates is high enough to slow things down, you know, high mortgage rates, high car rates, high credit card rates, they’re starting to really have an impact on the economy,” he said in a recent CNBC interview. “Th
Source: finance.yahoo.com
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