Billionaire Investor David Rubenstein Predicts No Near-Term Recession, Sees Fed Starting Rate Cuts in 2024 After Inflation Cools
• Billionaire investor David Rubenstein doesn't expect a US recession in the next few quarters
• Rubenstein said the US economy seems to be "doing pretty well," making a near-term recession unlikely
• The Fed signaled 3 interest rate cuts in 2024 even though inflation is above its 2% target
• Rubenstein predicts the Fed will start cutting rates in 2024 Q2 once inflation is under control
• Rubenstein said the Fed will likely avoid rate cuts in 2024 Q3 to avoid perceptions of political influence before the election