Elon Musk has warned that another interest rate hike by the U.S. Federal Reserve could result in deflation hitting the economy.
Last year, Musk predicted that the U.S. would enter a recession.
On Friday, Federal Reserve Governor Christopher Waller warned that he expects a “significant” interest rate increase later this month.
He mentioned that policymakers should stop guessing the future and instead stick to what the data is saying.
Waller later added that he expects interest rate increases to continue until at least “early next year” as the central bank works to get inflation closer to its 2 percent goal….