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theepochtimes - 3 years ago

Further Fed Rate Hikes Will ‘Trigger Severe Recession,’ Warns Musk

Industrialist Elon Musk is warning that the United States is already in a recession that could turn “severe” with even more rate hikes by the Fedeeral Reserve, pointing to bank failures as proof of a stressed-out economy. “Fed data has too much latency. Mild recession is already here,” Musk stated in a tweet on April 30. The [ ]


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