[ad_1]
Elon Musk on Fed Reserves Hike: Elon Musk, the owner of Tesla and Twitter CEO, the world’s richest person, has expressed his displeasure with the Fed Reserve. Next week, the Federal Reserve of America may increase interest rates. Significantly, to control the rising inflation in America, the Fed Reserve can do this even once next week. Now Elon Musk has given his response in this matter. Musk said that if the Fed Reserve increases interest rates next week, then the recession in America will increase manifold in the coming days.
Musk said this by tweeting
Twitter owner Elon Musk was asked by a Twitter user how long he thinks the recession will come. Answering this question, Musk said that if the Fed raises interest rates once again, then the possibility of recession will increase greatly. According to experts, the Federal Reserve may announce an increase in interest rates next week.
If the Fed raises rates again next week, the recession will be greatly amplified
News Reels
— Elon Musk (@elonmusk) December 9, 2022
Fed may increase interest rate
Let us tell you that last month Musk had said that the US economy is heading towards a deep recession (Recession in America) and the biggest reason for this is the continuous increase in the interest rate by the Federal Reserve. Musk had said that if the Fed Reserve wants to stop the coming recession in the country, then it should reduce its interest rates as soon as possible. Otherwise, due to this, the American economy can get a big blow.
Fed Reserve has increased interest rates several times
It is worth noting that in the next week, Fed Chair Jerome Powell has indicated that the Fed Reserve may soon make a small increase in its interest rates. This increase can be from 0.5 percent to 0.75 percent. This announcement can be up to 0.75 percent. Earlier, the Fed Reserve has increased its interest rates several times this year. Earlier in the month of November, the Fed had increased its interest rates by 0.75 percent.
read this also-Gold Loan Tips: If you are thinking of taking a gold loan, then know the benefits, read full details here
[ad_2]
Source link