The economy is on the brink of serious downturn if the Fed doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.
The Fed needs to pump the brakes on rate hikes, Barry Sternlicht said.The central bank is expected to raise rates again next week.
The U.S. economy is teetering on the brink of serious downturn if the Federal Reserve doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in an effort to tame inflation. Earlier this week,Stay informed during the severe weather season with our local news and weather
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