The Miami Entrepreneur

Key Words: Inflation in U.S. could turn negative by midyear, says billionaire investor Barry Sternlicht. A risk is that the Fed will keep lifting interest rates anyway.

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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. 

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