9/22, 7:36 AM (Source: TeleTrader)
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Ackman expects long-term rates to continue rising

Hedge fund manager Bill Ackman projected that long-term rates will continue to rise over the coming period, adding that "the world is a structurally different place than it was."

"As such, we remain short bonds through the ownership of swaptions," Ackman wrote in a post on X. "The long-term inflation rate is not going back to 2% no matter how many times Chairman Powell reiterates it as his target," he underlined. "It was arbitrarily set at 2% after the financial crisis in a world very different from the one we live in now," the hedge fund manager added.

This week the Federal Reserve decided to hold its key interest rates but revealed that additional tightening could come before the year's end.

Baha Breaking News (BBN) / AB