Billionaire investor Stephen Schwarzman believes that the US economy will avoid a recession, regardless of who is president. In an interview, he stated that while there may be some slowdown in growth, a full-blown recession is unlikely. This outlook comes as the Federal Reserve continues to raise interest rates to combat inflation.

Source: https://www.bloomberg.com/news/articles/2024-10-23/schwarzman-says-us-to-avoid-recession-no-matter-who-s-president