Hedge fund expert predicts early rate cut from the Federal Reserve ...Middle East

The US dollar is back near its Tuesday low (much lower against the JPY) as Asia morning comes to terms with the new-found dovishness at the FOMC:Forexlive Americas FX news wrap: US dollar slumps after Waller puts rate cuts on the tableFed's Goolsbee says he has some concerns about keeping rates too high for too longHedge Fund chief Bill Ackman says Federal Reserve will cut rates sooner than expectedAckman is not a Fed official but it's a sharp hedge fund guy. He's tipping a rate cut as early as Q1 next year. USD/JPY is down near 147.00: This article was written by Eamonn Sheridan at www.forexlive.com.

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