Blackstone's Gray Sees Slowing Growth Ahead as Fed Raises Rates, But Not a Severe Recession
-
Jon Gray of Blackstone Group is watching for signs of a U.S. economic slowdown in coming months as the Fed raises rates.
-
Gray believes the Fed will slow the economy and labor market despite current momentum.
-
He expects an economic deceleration but not as severe as the 2008-09 recession.
-
Indicators show slowing growth, more modest hiring plans, and tighter financial conditions.
-
Higher interest rates are creating headwinds for consumers, businesses, and financial markets.