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Elon Musk Hints Of “Severe Recession” Ahead If Fed Fails To Do This – Crypto News
The global financial market is under tremendous pressure in the expectation of the US Federal Reserve System increasing interest rates. However, the world’s richest man, Elon Musk has suggested some measures in order to avoid the probable recession.
Elon Musk suggests this measure to avoid recession
Vincentyu, a Tesla investor highlighted that he expects a real economic recession in 2023. He asked the people to be prepared for any macro storm ahead.
To this Elon Musk said that this trend is concerning, It is important that the Fed needs to cut interest rates immediately. He added that by not doing this the Fed is massively amplifying the likelihood of a severe recession ahead.
Sven Henrich, Macro and Technical Analyst highlighted that ironically the fed continues to project positive GDP growth for the years ahead.
The post Elon Musk Hints Of “Severe Recession” Ahead If Fed Fails To Do This appeared first on CoinGape,
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