San Francisco, Nov 30 (Ians) Elon Musk on Wednesday said the US Federal Reserve needs to immediately cut interest rates as a severe recession is looming, ahead of the speech by Fed Chair Jerome Powell at a US event on the outlook for the economy and the changing labour market.
Reacting to Vincent Yu, Founder of Tesmanian.com who said he is expecting a real economic recession in 2023, Musk replied: “Trend is concerning. The Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession”.
Musk’s comments came as Powell was set to speak at the Hutchins Center on Fiscal and Monetary Policy on the outlook for the economy and the changing labour market on Wednesday.
Stock market investors were keen to watch for any indications from Powell’s speech, regarding the rate hike amid tough global macroeconomic conditions.
Ironically, earlier this month, Musk...
Reacting to Vincent Yu, Founder of Tesmanian.com who said he is expecting a real economic recession in 2023, Musk replied: “Trend is concerning. The Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession”.
Musk’s comments came as Powell was set to speak at the Hutchins Center on Fiscal and Monetary Policy on the outlook for the economy and the changing labour market on Wednesday.
Stock market investors were keen to watch for any indications from Powell’s speech, regarding the rate hike amid tough global macroeconomic conditions.
Ironically, earlier this month, Musk...
- 11/30/2022
- by Glamsham Bureau
- GlamSham
Vincent Yu/AP/Press Association Images
Technology fans, we’re now well in to that time of year again. No, not Autumn. It’s iPhone season.
The buzz around Apple’s latest editions of the astronomically priced, ‘must have’ gizmos of the year shows no signs of slowing down. The releases of the iPhone 6 and iPhone 6 Plus in September mean that the technology juggernaut are making their mark on the smartphone market again… whether it be in a positive or negative sense. ‘Bendgate’, anyone?
While the releases usually equal profit for Tim Cook and co, what does that mean for us, the consumers? It means excitement, right? It’s a great time for us techo-nerds to get the latest fix. Or so we’re often led to believe.
Apple’s products have been caught up with and left behind in terms of demand. Nowadays, there’s so much more variation...
Technology fans, we’re now well in to that time of year again. No, not Autumn. It’s iPhone season.
The buzz around Apple’s latest editions of the astronomically priced, ‘must have’ gizmos of the year shows no signs of slowing down. The releases of the iPhone 6 and iPhone 6 Plus in September mean that the technology juggernaut are making their mark on the smartphone market again… whether it be in a positive or negative sense. ‘Bendgate’, anyone?
While the releases usually equal profit for Tim Cook and co, what does that mean for us, the consumers? It means excitement, right? It’s a great time for us techo-nerds to get the latest fix. Or so we’re often led to believe.
Apple’s products have been caught up with and left behind in terms of demand. Nowadays, there’s so much more variation...
- 10/1/2014
- by Scott Saunders
- Obsessed with Film
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