Fed will slash rates in first quarter to avoid ‘hard landing’: Bill Ackman

Hedge fund titan Bill Ackman predicted the Federal Reserve will begin slashing interest rates as early as the first quarter to avert “a real risk of a hard landing” for the US economy. Fed officials have unanimously decided to keep the benchmark federal funds rate at its current 22-year high, between 5.25% and 5.5%, for the past…

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