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Sept 21 - Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining stubbornly high.
"The long-term inflation rate is not going back to 2% no matter how many times Chairman Powell reiterates it as his target," Ackman said in a post on social media platform X, formerly known as Twitter.
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