Elon Musk believes that on Wednesday, Jerome Powell and the Fed will have to cut rates by at least 50 basis points

Elon Musk, the founder of Tesla and SpaceX, is known for his innovative approaches and progressive ideas. He recently expressed his opinion on the US Federal Reserve rates.

According to Musk, the Fed should cut rates by at least 50 basis points at Wednesday’s meeting. He believes that such a decision is necessary to stimulate the economy and maintain financial stability in the world.

During a meeting with journalists, Musk said that the global economy needs additional measures to maintain stability. He also emphasized the need for countries to cooperate to solve global economic problems.

Musk, who often expresses his opinion on various issues, is known for his expertise in technology and finance. His views usually resonate with the general public and are perceived as an important contribution to the global discussion of economic and social policy.

Thus, Musk expressed his opinion on Fed rates and emphasized their importance for the global economy. His words will be seen by experts and investors as an important signal for markets and financial decisions.

Read more ….