Elon Musk share his idea about Fed interest rate on last Monday that US Banks must have to drop interest rate in range of 40 to 50bps. He also Replied to Bill Ackman that Fed need to drop interest rate at least 50bps.
Musk also shared his idea that fed should have to make meeting FOMC meeting and that happened on tuesday. After the end of two days in meeting FOMC is Expected to lower the Fed rates.
The future of the US economy is looking shaky, and it's got everyone on the edge of their seats. Analysts are warning that the Federal Reserve's decision to increase interest rates could be catastrophic for the economy. Since February, the interest rate has been set in the range of 4.5 to 4.75%, with the Fed hinting at multiple hikes in interest rates.
Elon Musk and the Space X team have taken to Twitter to voice their concerns about the Fed's interest rate decision. They're calling for banks to take action and lower the rates by at least 50 basis points to prevent a banking crisis from causing the US economy to collapse. It's a call to action that everyone needs to take seriously, as the consequences of inaction could be dire.
We're all invested in the future of the economy, and it's important that we take note of these warnings. Let's hope that the powers that be can take action to steer us away from any potential disaster.
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