January 12 (UTC+8), hedge fund Pioneer Square Capital Management CEO Bill Ackman stated that the Federal Reserve may abandon its 2% inflation target. Although the market generally expects the Fed to cut interest rates several more times, he remains cautious about this outlook. At the 2026 UBS Asia Wealth Forum, he pointed out: "Many strong drivers will propel the economy and the overall market, making it hard to envision an environment completely free of inflationary pressures." He expects the Federal Reserve to shift its inflation target to the 2.5%-3% range.