Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down

Dec 13 2022 by Business Insider

 

Fred Prouser/Reuters

In a new interview with LinkedIn, Billionaire David Rubenstein weighed in on the biggest market risks, adding that a recession is likely near. The Carlyle Group cofounder says "until we get unemployment to about 6%, we're not likely to get inflation down appreciably." Rubenstein also said tech valuations are set to fall further.

Billionaire David Rubenstein detailed his market outlook on Tuesday, including predictions for the technology sector, the Federal Reserve's fight...

Continue Reading Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down