Bill Ackman Says The Economy Is Starting To Slow And The Fed Is Likely Done Hiking
Portfolio Pulse from Benzinga Newsdesk
In a recent CNBC interview, Bill Ackman, a well-known hedge fund manager, stated that he believes the economy is beginning to slow down and that the Federal Reserve is likely done with its rate hikes.
October 02, 2023 | 12:22 pm
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Bill Ackman's comments on the slowing economy and the end of Fed rate hikes could potentially impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the overall economy and monetary policy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US economy. If the economy slows down as Ackman predicts, this could negatively impact the performance of the SPY ETF. Additionally, the end of Fed rate hikes could also influence the ETF as changes in monetary policy can affect market sentiment and the performance of stocks.
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