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Inflation was falling in late 2023, but there were several upside surprises in that data during the first quarter of this year. “The Fed thinks it’s eventually going to come down to a 2% inflation rate. … I think that’s going to be hard,” Cohen told CNBC’s Andrew Ross Sorkin on “Squawk Box.” Cohen also said the current market rally is not a bubble like 1999’s dotcom boom and is instead due in part to investors pricing in future growth from artificial intelligence.
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal.
“The Fed thinks it’s eventually going to come down to a 2% inflation rate. … I think that’s going to be hard,” Cohen told CNBC’s Andrew Ross Sorkin on “Squawk Box.”
Inflation was falling in late 2023, but there were several upside surprises in that data during the first quarter of this year. That has led to concern among ec …
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