Billionaire investor David Rubenstein says he doesn't think there'll be a recession in the next few quarters even amid the Fed's rate cut signal

• David Rubenstein told Fox Business News he isn't expecting a recession in the next few quarters.
• The billionaire investor said he expects the Fed to start cutting rates in 2024's second quarter.
• The Fed has signaled three interest rate cuts for 2024 even though inflation is above its 2% target.

Billionaire investor David Rubenstein isn't expecting a US recession in the next few quarters, he told Fox Business Network last week.

Rubenstein, a co-founder of investment giant Carlyle Group, told the network that US economy seems to be "doing pretty well," so it's unlikely for a recession to hit in the next few quarters.