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Here’s why Bill Ackman says stocks will soon be a ‘buy’

Asked where he sees inflation 12 months from now, Ackman replied that he expects price pressures will come down 'a lot'

Pershing Square Capital Management's billionaire founder Bill Ackman shared some commentary about markets and the US economy during a brief interview on CNBC's "Squawk Box" early on 6 September.

After slamming the Fed for not acting aggressively enough back in May, Ackman is clearly pleased to see Fed chair Jerome Powell doubling down on a plan to keep interest rates higher for longer.

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