Billionaire investor Bill Ackman warns inflation is spiraling – and predicts the Fed will hike interest rates to over 5% next year

MarketsInsider/Theron Mohamed/6-24-2022

graphic illustration of a black swan“Bill Ackman rang the inflation alarm, warned the Federal Reserve isn’t being taken seriously, and suggested interest rates could soar past 5% next year. ‘Inflation is out of control and inflationary expectations have become unanchored,’ the Pershing Square boss wrote in a Twitter thread on Thursday.”

USAGOLD note: If current interest rates are a problem from a contagion perspective, just think what 5% will do. At 5%, interest rate costs would triple for most businesses and leveraged investors. Beware the black swan……

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