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Elon Musk says what he thinks the Fed should do with interest rates
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Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate.
The U.S.’s central bank "needs to drop the rate by at least 50bps on Wednesday," the Tesla, Twitter and SpaceX CEO tweeted.
Musk shared what decision he thought the Fed should make ahead of the Federal Open Market Committee’s (FOMC) meeting that commenced Tuesday. At the end of the two-day gathering, the FOMC is expected to reveal whether the benchmark rate will see a lifting or lowering.
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