Bill Ackman thinks tighter monetary policy could prove to be a mistake in the era of AI. The billionaire investor said late Thursday that the Federal Reserve’s decision to hike interest rates last week was the wrong move, because AI may be rewriting the rules that guide the central bank’s response to inflation. Ackman wrote
The bond market is saying something that all investors should be paying attention to. Key bond yields have been drifting higher for years, but the recent sell-off in US Treasurys has accelerated in 2026. Then on Wednesday, investors really hit the gas, as fears about a hot economy, a spiraling fiscal situation, and waning demand
Investors tend to dread rate hikes, but some Wall Street pros say not to fret too much if the Federal Reserve raises interest rates this year. Odds are high that the Fed will hike rates at least once in the remaining months of 2026. As of Thursday afternoon, markets were pricing in a 71.8% chance
The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
The word “Goldilocks” is meme-ing out in US markets right now. It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures
