Musk calls on the Fed to cut interest rates: It will bring substantial benefits to low-income people

Tesla CEO Elon Musk responded to a post by Rick Rieder, chief investment officer of global fixed income at Blackstone Group, arguing that the Federal Reserve should start cutting interest rates.

Tesla CEO Elon Musk responded to a post by Rick Rieder, chief investment officer of global fixed income at Blackstone Group, arguing that the Federal Reserve should start cutting interest rates.
Reed shared a chart on
This positive development lends credence to the view that there may be some excess seasonality in the first quarter and keeps the possibility of a rate cut this year alive.
Musk responded: Do you think the Fed should lower interest rates? Will doing so bring substantial benefits to low-income earners? My understanding is that you think so. I also agree with your position.

Like (0)
Previous May 21, 2024 4:04 pm
Next May 21, 2024 4:04 pm

Related posts

  • Fresh From Farm raises $2 million in pre-series A

    Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has raised $2 million in a pre-series A round, with participation from Inflection Point Ventures. Spearheading this investment, is Ashish Kacholia, an investor in the public markets.

    US stock news May 3, 2024
  • Hainan Haiyao received advance notice of punishment from the China Securities Regulatory Commission, investor claims reminder

    Injured shareholders can register for the company\’s rights protection on the Sina Shareholder Rights Protection Platform: http://wq.finance.sina.com.cn/ Follow @Sina Securities, follow Sina Brokerage Funds on WeChat, search Sina Shareholder Rights Protection on Baidu, and visit Sina Finance Client You can find us on the homepage of Sina Finance! On the evening of April 12, 2024, Hainan Haiyao (rights protection) (000566) announced that it had received the \”Administrative Penalty Prior Notice\” from the Hainan Supervision Bureau of the China Securities Regulatory Commission. Lawyer Xu Feng from Shanghai Jiucheng Law Firm reminded that so far, Hainan Haiyao The alleged violations have been basically clarified, and investors who have been harmed by their violations can initiate claims according to law. (Column of Lawyer Xu Feng) The above-mentioned \”Advance Notification of Administrative Punishment\” announcement information shows that after investigation, the facts that Hainan Haiyao Co., Ltd. is suspected of violating the law are as follows: Hainan Haiyao did not disclose related transactions in its regular reports. From December 2018 to January 2020, Hainan Haiyao and its subsidiaries engaged in non-operating fund occupation with Chongqing…

    US stock news April 25, 2024
  • Premier Energies to float IPO, to raise ₹1,500 crore

    Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an initial public offering (IPO).

    US stock news April 22, 2024
  • Delonghi Laser (688170.SH): Net loss in the first quarter was 7.2635 million yuan

    Gelonghui April 25 | Delong Laser (688170.SH) released its first quarter report for 2024. During the reporting period, the company achieved operating income of 116 million yuan, a year-on-year increase of 18.2%; the net loss attributable to shareholders of the listed company was 7.2635 million yuan. ; The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 9.658 million yuan; the basic loss per share was 0.07 yuan.

    US stock news April 25, 2024
  • AIFs with active schemes must comply with certification requirement by May next year: SEBI

    All alternative investment funds (AIF) with active schemes and those with pending scheme applications as on May 10 must comply with relevant certification requirement by May next year, markets regulator Securities and Exchange Board of India (SEBI) said on Monday.

    US stock news May 14, 2024
  • Waller’s interest rate cut threshold

    Waller, a popular figure in the Federal Reserve, said that the CPI data in April was gratifying, but if the labor market did not weaken significantly, it would take another three to five months of better inflation data before considering an interest rate cut at the end of the year.

    US stock news May 27, 2024