Tuesday, October 3, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home Bitcoin

Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever – Economics Bitcoin News

by Blockchain Daily Report
December 24, 2022
in Bitcoin
Reading Time: 4 mins read
A A
0
Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever – Economics Bitcoin News
Share on FacebookShare on Twitter


Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s current charge hikes “may go down in historical past as most damaging ever.” The billionaire has urged the Fed to chop rates of interest instantly, emphasizing that the U.S. central financial institution is “massively amplifying the chance of a extreme recession.”

Elon Musk on Fed Charge Hikes

Tesla, Spacex, and Twitter boss Elon Musk warned Thursday concerning the damaging impression of the Federal Reserve quickly elevating rates of interest.

His warning was in reply to a tweet by former funding supervisor Genevieve Roch-Decter stating that “the Fed has by no means raised charges sooner” than this 12 months. Musk wrote:

On the threat of being repetitive, these Fed charge will increase may go down in historical past as most damaging ever.

Roch-Decter additionally included a chart along with her tweet exhibiting that the Fed has hiked rates of interest additional and sooner this 12 months than at another time in fashionable historical past.

Elon Musk: Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever

Many individuals agreed with Musk. “I agree, Elon. The mortgage business is taking a blood tub. Good professionals like me (advertising) laid off. Purposes at historic lows. This can be a catastrophe,” one Twitter person wrote. One other described: “That is what occurs when the federal government artificially infuses $3.5 trillion into the U.S. economic system. The Fed makes up for it in damaging curiosity hikes … It’s going to worsen.”

Musk additionally blamed the Federal Reserve for Tesla’s lack of market worth. Funding advisor Ross Gerber tweeted final week: “Elon has now erased $600 billion of Tesla wealth and nonetheless nothing from the Tesla BOD [board of directors]. It’s wholly unacceptable.” Musk replied:

Tesla is executing higher than ever. We don’t management the Federal Reserve. That’s the actual drawback right here.

The billionaire has warned a number of instances concerning the dangers of the Federal Reserve mountain climbing rates of interest. Earlier this month, he cautioned that the recession will probably be significantly amplified if the Fed raised rates of interest once more. The central financial institution then raised charges by 50 foundation factors following 4 consecutive 75-basis-point hikes.

Final month, Musk warned that the “development is regarding,” emphasizing that the Fed “wants to chop rates of interest instantly.” He added: “They’re massively amplifying the chance of a extreme recession.” The billionaire additionally beforehand stated that he believes the recession will final till the spring of 2024.

What do you concentrate on the warning by Tesla CEO Elon Musk concerning the Fed’s charge hikes? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Standard Information

In Case You Missed It



Source link

Tags: BitcoinDamagingEconomicsFedHikesHistoryNewsRate
Share76Tweet47

Related Posts

Worldcoin Faces Kenya Shutdown: Is This The End Or Beginning For Crypto’s Wild Ride?

Worldcoin Faces Kenya Shutdown: Is This The End Or Beginning For Crypto’s Wild Ride?

by Blockchain Daily Report
October 3, 2023
0

Worldcoin, a crypto challenge co-founded by OpenAI CEO Sam Altman, has been underneath the microscope in a number of international...

Ether (ETH) Futures ETFs from VanEck, ProShares and Valkyrie See Low Volume

Ether (ETH) Futures ETFs from VanEck, ProShares and Valkyrie See Low Volume

by Blockchain Daily Report
October 2, 2023
0

A complete of 9 of the ETFs providing publicity to ether futures got here to market on Monday. 5 will...

Best Crypto to Buy Now October 2 – Verasity, Solana, Origin Protocol 

Best Crypto to Buy Now October 2 – Verasity, Solana, Origin Protocol 

by Blockchain Daily Report
October 3, 2023
0

Be a part of Our Telegram channel to remain updated on breaking information protection  Crypto merchants are at all times...

Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

by Blockchain Daily Report
October 2, 2023
0

A professional-XRP lawyer has highlighted extra casualties and destructive impacts the regulatory authority has inflicted on XRP and its buyers...

US Government Frames Bitcoin Privacy As “Criminal”

US Government Frames Bitcoin Privacy As “Criminal”

by Blockchain Daily Report
October 2, 2023
0

In one other unlucky flip of occasions for anybody hoping their proper to privateness to be protected as assured by...

Load More
  • Trending
  • Comments
  • Latest
Digital Artists Making Waves in 2023

Digital Artists Making Waves in 2023

September 24, 2023
Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

January 1, 2023
Web3 Bug Bounty – A Detailed Guide

Web3 Bug Bounty – A Detailed Guide

April 29, 2023
Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

February 14, 2023
BitPay + Ramp – Compre Bitcoin com PIX

BitPay + Ramp – Compre Bitcoin com PIX

September 14, 2023
How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

January 30, 2023
Aptos Testnet Faucet – How to Get Testnet APT from an Aptos Faucet

Aptos Testnet Faucet – How to Get Testnet APT from an Aptos Faucet

February 2, 2023
Less than 50,000 blocks remaining

Less than 50,000 blocks remaining

May 16, 2023
Celsius lawyer says revival plans include $450M in seed funding

Celsius lawyer says revival plans include $450M in seed funding

October 3, 2023
Worldcoin Faces Kenya Shutdown: Is This The End Or Beginning For Crypto’s Wild Ride?

Worldcoin Faces Kenya Shutdown: Is This The End Or Beginning For Crypto’s Wild Ride?

October 3, 2023
Crypto Expert Says XRP Price Will Surge 1100% To New All-Time High, Here’s When

Crypto Expert Says XRP Price Will Surge 1100% To New All-Time High, Here’s When

October 2, 2023
Ether (ETH) Futures ETFs from VanEck, ProShares and Valkyrie See Low Volume

Ether (ETH) Futures ETFs from VanEck, ProShares and Valkyrie See Low Volume

October 2, 2023
Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’

Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’

October 2, 2023
Best Crypto to Buy Now October 2 – Verasity, Solana, Origin Protocol 

Best Crypto to Buy Now October 2 – Verasity, Solana, Origin Protocol 

October 3, 2023
Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

October 2, 2023
Sygnum Singapore Gains Full License

Sygnum Singapore Gains Full License

October 2, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$27,639.00-1.55%
  • ethereumEthereum(ETH)$1,669.09-3.15%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$215.23-1.78%
  • rippleXRP(XRP)$0.51-2.41%
  • usd-coinUSDC(USDC)$1.000.08%
  • staked-etherLido Staked Ether(STETH)$1,668.79-3.33%
  • solanaSolana(SOL)$24.04-2.08%
  • cardanoCardano(ADA)$0.262545-0.54%