Key Words: Inflation will go negative by mid-year, but risk remains as the Fed may keep raising rates, billionaire investor Barry Sternlicht says
Billionaire Barry Sternlicht, the chief executive officer and chairman of property investor Starwood Capital Group, expects the U.S. economy to slide into recession in the third or fourth quarter of 2023 due to the Federal Reserve’s interest rate hikes, but inflation could fall below and even…
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