Tesla CEO Elon Musk said Wednesday the Fed is 'looking in the rearview mirror' with its interest rate hikes as the economy is in the midst of 'deflation.'
Potomac Wealth Advisors founder and president Mark Avallone says he doesn't expect robust economic growth 'from here on out.'as it embarks on one of the most aggressive campaigns in decades to crush out-of-control inflation. believes the economy has entered a period of deflation. during Tesla's third-quarter earnings call.
Tesla CEO Elon Musk called for more drilling and fossil fuel resources on Monday, August 29, 2022, warning humanity could be 'in trouble' if exploration is curtailed. Instead, the Fed voted to lift the benchmark federal funds rate by 75 basis points, the third straight hike of that magnitude. Officials have shown no signs of slowing down, with the Fed's benchmark currently in a target range of 3% to 3.25% – near restrictive territories.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Says Tesla Is Working On a Car 'Half the Cost' of a Model 3And it'll outsell every other Tesla model combined, he says. But anyone who's followed Tesla for long knows he doesn't always deliver promptly.
Read more »
Elon Musk Says Tesla Is ‘Pedal to the Metal' Even With Potential Recession LoomingOn Tesla’s third-quarter earnings call, CEO Elon Musk told analysts how his car company plans to continue expanding regardless of what happens with the economy.
Read more »
Elon Musk Says Tesla Is Working On a Car 'Half the Cost' of a Model 3And it'll outsell every other Tesla model combined, he says. But anyone who's followed Tesla for long knows he doesn't always deliver promptly.
Read more »
Elon Musk: Tesla Semi Production Target Is 50,000 Units In 2024During the Q3 2022 earnings call, Tesla's CEO Elon Musk revealed several interesting things about the upcoming launch of the Tesla Semi Class 8 electric truck.
Read more »
Elon Musk thinks Tesla can be worth more than Apple, Aramco combinedLogistics hurdles led to fewer-than-expected vehicle deliveries by the world’s most valuable automaker.
Read more »