Loeb Sees ‘Decisive’ Economic Data Spurring Fed This Year
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Billionaire hedge-fund manager Dan Loeb is betting that the Federal Reserve will act sooner rather than later as the U.S. economy rebounds.
“We believe Q3 economic data will be decisive and likely drive action by the U.S. Fed during the second half of the year,” Loeb said today on a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company that counts on his hedge fund to oversee its investment portfolio.