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Published 1 year ago

Elon Musk Weighs in on Fed's Interest Rate Decision

Summary by Ground News
The U.S. Federal Open Market Committee is expected to decide Wednesday if it will hike or lower the benchmark interest rate. Elon Musk took to Twitter to respond to Bill Ackman's call for a "temporary" pausing of interest rates. Ackman cited "a number of major shocks to the system" including the collapse of Silicon Valley Bank and the distressed sale of Credit Suisse.

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