Elon Musk weighs in on the Fed's monetary policy again: 'A bad Fed decision affects the lives of everyone'
blamed the central bank's rate hikes for Tesla's gloomy performanceThe Fed's rate hikes are seen as a drag on stocks, as parking money in a interest-bearing investment instead becomes more attractive. Stock prices also tend to fall when interest rates rise because the higher levels eat eat away at the future cash flows that form part of a company's valuation.
Musk's latest comment comes just after Fed minutes from its policymakers' last meeting showed the central bank is likely to continue increasing rates this year — dashing the hopes of stock investors banking on an easing in its policy.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fed officials back ongoing rate hikes to quell above-target inflation: Fed minutes By Investing.com*FED OFFICIALS BACK ONGOING RATE HIKES TO QUELL ABOVE-TARGET INFLATION: FED MINUTES
Les mer »
Fed's Mester: Financial market alignment with Fed much closer than beforeCleveland Fed President Loretta Mester told CNBC on Friday that the financial market alignment with the Fed's policy outlook is much closer now than i
Les mer »
Elon Musk, Gov. Newsom announce Tesla moving Global Engineering HQ to Palo AltoTesla is moving its global engineering headquarters to the former Hewlett Packard campus in Palo Alto, it announced during a press conference with CEO Elon Musk Gov. Gavin Newsom on Wednesday.
Les mer »
Gavin Newsom pals around with Elon Musk during Tesla engineering HQ visitSources close to Newsom told CNBC that the meeting was expected to focus on Tesla’s efforts to create jobs and expand in the Golden State.
Les mer »
Elon Musk Picks California for Tesla’s Global Engineering HeadquartersTesla said it would establish its global engineering headquarters in California, in a commitment to the state by Chief Executive Elon Musk
Les mer »
Gov. Newsom joins Elon Musk in announcing new Tesla engineering HQ in Palo AltoCalifornia Gov. Gavin Newsom joined billionaire Elon Musk on Wednesday to announce that the Golden State will be home to Tesla's new Engineering headquarters.
Les mer »