Next Fed rate hike will amplify recession: Musk
Shortpedia
Content Team
Image Credit: CNBC
Twitter CEO Elon Musk on Saturday said that the next US Federal Reserve rate hike will amplify the recession. "If the Fed raises rates again next week, the recession will be greatly amplified," he said in a tweet. Several users expressed their thoughts on Musk's post. Last month, Musk had said that the US economy was inching towards a severe recession, and the Federal Reserve needs to stop hiking interest rates.
