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.
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