Morning Brew Daily Fed Hikes Interest Rates to 22-Year High & Automakers Unite To Build EV Charging Network
Jul 27, 2023
The Federal Reserve raises interest rates to a 22-year high, aiming to tackle inflation. A UFO hearing reveals shocking government secrets about non-human biologics. Seven major automakers unite to build a massive EV charging network to rival Tesla. Meanwhile, a British billionaire faces insider trading charges, with ripples affecting friends and associates. Lastly, a groundbreaking physics discovery hints at revolutionizing energy with potential room temperature superconductors!
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Interest Rate Hike
- The Federal Reserve raised interest rates to their highest level since 2001 to combat inflation.
- They remain cautious about further hikes, prioritizing long-term inflation control over short-term economic impacts.
Congressional UFO Hearing
- Former military officials testified about potential government cover-ups regarding UFOs.
- They emphasized national security concerns and a need for greater transparency in reporting UFO sightings.
EV Charging Network
- Seven major automakers partnered to create a new EV charging network, challenging Tesla's dominance.
- This aims to address consumer concerns about charging infrastructure and promote EV adoption.