The Fed is throwing 'kerosene on the fire' and needs to end rate hikes as inflation is probably already at 2%, billionaire real estate mogul Barry Sternlicht says

The US is in for a "serious" recession that could bring a "Category 5 hurricane" to commercial real estate, Sternlicht previously warned.

https://www.businessinsider.com/recession-inflation-us-economy-outlook-fed-rate-hikes-barry-sternlicht-2023-9