Billionaire investor Bill Ackman believes inflation has largely been “wrung out of the economy” and predicts global economic conflicts could resolve within six to nine months, while advocating for a temporary pause on China tariffs to protect U.S. businesses.
What Happened: The Pershing Square Capital Management CEO told CNBC that declining energy and food prices signal positive economic trends. “The price of energy is coming down and it’s going to stay down. And I think, you know, obviously very, very good for the economy,” Ackman said.
Recent economic data presents a mixed picture. U.S. Gross Domestic Product unexpectedly contracted 0.3% in the first quarter of 2025—the first decline since mid-2022—while April’s nonfarm payrolls increased by 177,000, …