US Fed

Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates

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Elon Musk says Fed's decision is been 'foolish' for not cutting interest rates

Elon Musk, the CEO of Tesla and SpaceX, has criticized the Federal Reserve for not cutting interest rates sooner. He believes that the Fed’s decision to keep rates high despite recent weak economic data is “foolish” and could potentially harm the economy.   Musk’s comments came in response to a post on X (formerly Twitter) highlighting Read more: Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates..

US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights

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US Fed concluded its two-day meeting on July 31

The US Federal Reserve (Fed) concluded its two-day meeting on July 31, 2024.The Federal Open Market Committee (FOMC) decided to keep the target range for the federal funds rate unchanged at 5.25%-5.50%. This marks a pause in the Fed’s aggressive rate-hiking cycle that began in March 2023. The US Fed meeting refers to the Federal Read more: US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights..

US Fed’s decision to hold Interest Rates, Impact on Dollar

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US Fed

The US Federal Reserve (Fed) concluded its two-day meeting on June 11-12, 2024, and announced its decision to hold the Interest rate at 5.25%-5.50%. This decision marks the seventh consecutive meeting with no change in interest rates. Key points to consider from the meeting: No Interest Rate Change: The Fed decided to maintain the current Read more: US Fed’s decision to hold Interest Rates, Impact on Dollar..