Musk: The Federal Reserve's data is too lagging, further interest rate hikes will trigger a severe economic recession

2023-05-01 08:48:29

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ChainCatcher message, Musk stated on social media: "The Fed's data is too lagging, a mild recession has already arrived. It's not just the canary in the coal mine (Silicon Valley Bank) that has died, but a staunch miner (Credit Suisse) has also perished, and the graveyard will soon be filled! Further rate hikes will trigger a severe economic recession. Remember my words." (source link)

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