Inflation will go negative by mid-year, but risk remains as the Fed may keep raising rates, billionaire investor Barry Sternlicht says
January 26, 2023 at 12:49 PM EST
Billionaire Barry Sternlicht expects the U.S. economy to slide into recession due to the Federal Reserve’s interest rate hikes, but inflation could fall below and even enter into negative territory by mid-year of 2023.