Inflation is unlikely to return to the Fed’s 2% target anytime soon, according to Bill Ackman—and the legendary investor is getting ready to cash in on what he says is an imminent repricing of long-term U.S. bonds as a result.
In a Wednesday evening post on Twitter, now known as X, Ackman—who founded Pershing Square Capital Management in 2004 and also serves as its CEO—said he was preparing for a world where U.S. inflation lingered at around 3%.
