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Read More: https://dailycaller.com/2022/09/15/recession-federal-reserve-interest-rate-sternlicht-cnbc-economy/
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Daily caller writes, According to billionaire investor Barry Sternlicht, the U.S. economy will enter a major recession if the Federal Reserve continues raising interest rates to combat inflation. Sternlicht told the outlet that the economy is “braking hard.” he added “If the Fed keeps this up, they are going to have a serious recession and people will lose their jobs.”
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