U.S. markets close in 6 hours 9 minutes
  • S&P 500

    3,959.95
    -3.99 (-0.10%)
     
  • Dow 30

    33,789.70
    -59.76 (-0.18%)
     
  • Nasdaq

    11,042.56
    -6.94 (-0.06%)
     
  • Russell 2000

    1,834.19
    +3.23 (+0.18%)
     
  • Crude Oil

    79.11
    +1.87 (+2.42%)
     
  • Gold

    1,765.30
    +10.00 (+0.57%)
     
  • Silver

    21.52
    +0.40 (+1.87%)
     
  • EUR/USD

    1.0346
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    3.7420
    +0.0390 (+1.05%)
     
  • GBP/USD

    1.1962
    -0.0003 (-0.03%)
     
  • USD/JPY

    138.6540
    -0.2470 (-0.18%)
     
  • BTC-USD

    16,441.61
    +180.86 (+1.11%)
     
  • CMC Crypto 200

    388.48
    -0.25 (-0.06%)
     
  • FTSE 100

    7,525.92
    +51.90 (+0.69%)
     
  • Nikkei 225

    28,027.84
    -134.99 (-0.48%)
     

Elon Musk Says The Fed Should Cut Interest Rates

Elon Musk Says The Fed Should Cut Interest Rates

Billionaire Elon Musk [took to Twitter early Wednesday](https://twitter.com/elonmusk/status/1569951122231787521) to reiterate his concerns about deflation should the Federal Reserve continue to raise interest rates, which he also expressed [via tweet on Friday](https://twitter.com/elonmusk/status/1568383953370767365). Mr. Musk said the central bank should turn to cutting rates by 0.25 percentage point. The Fed is currently expected to [raise rates by at least 0.75 percentage point](https://www.w