Janet's Yellin' Ep687
Bitcoin And . . .
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The Fed Shouldn't Rake Interest Rates This Week
Twitter CEO Elon Musk responded to Ackman's tweet claiming that the Federal Reserve should lower interest rates by at least 50 basis points. The billionaire acknowledged the inflation rate in the United States is an existing problem that the Fed needs to solve. It seems unlikely, though, that the U.S. Central Bank will pivot this week. Most market participants think that it will lift interest rates by 25 basis points rounding the mark to 5%.
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