US economy heading for “train wreck,” billionaire warns
Mar 23rd 2023 12:27pm EDT
Continued interest rate hikes by the Fed could worsen the banking turmoil, according to Bill Ackman The US economy is facing disaster following another interest rate increase by the Federal Reserve and the Treasury’s rejection of full deposit insurance, billionaire investor Bill Ackman has warned. “When combined with the higher cost of debt and deposits […]
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