Elon Musk jokes ChatGPT 'couldn't do worse' than Jerome Powell as he slams the Fed's latest rate hike
, replying to a user who'd suggested putting the intelligent language bot's GPT-4 update in charge of the Fed.
Some of Wall Street's top analysts had called on the Fed to pause its tightening campaign to support embattled regional US banks. The lenders are still reeling from the collapse of SVB Financial, Signature, and Credit Suisse in recent weeks. "A major driver of depositor flight is people moving money from low interest savings accounts to high interest money market accounts," Musk said.Bond yields tend to rise when the Fed lifts interest rates, making money market accounts more attractive.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk urges Fed to reverse rate hikes as banking crisis takes tollElon Musk urges the Fed to reverse course in its inflation fight, as he fears the banking crisis is hitting the US economy
Weiterlesen »
Elon Musk says what he thinks the Fed should do with interest ratesElon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Weiterlesen »
Fed's median view of fed funds rate at end-2023 unchanged at 5.1% in MarchThe Federal Reserve's revised Summary of Economic Projections (SEP), the so-called dot plot, showed that the median view of the policy rate at end-202
Weiterlesen »
Fed recap: All the market-moving comments from Fed Chair Powell after rate hikeThe Federal Reserve announced a 25 basis point rate hike on Wednesday. The increase was widely anticipated by the market.
Weiterlesen »
Ackman on banking crisis, Fed hikes, Musk, Dimon, inflation, blockchainBill Ackman warns the banking crisis may engulf the economy, and says Jamie Dimon is his pick for US president. Here are the investor's 10 best quotes from a new interview.
Weiterlesen »
DOGE Price up 4% as Elon Musk Mentions Dogecoin in Provocative TweetElon Musk responded to Dogecoin designer, mentioning DOGE, pushing the coin's price up
Weiterlesen »