Elon Musk Makes a Dire Prediction About the Economy

Inflation is by far the word of the year 2022.

Soaring prices of goods and services are at their highest for 40 years, which considerably affects the purchasing power of households.

To relieve consumers, the Federal Reserve embarked on an aggressive monetary policy, marked by a sharp rise in interest rates. Economists warn that this monetary policy, also observed in other regions of the world, notably in Europe with the European Central Bank, risks causing a so-called “hard landing” for the American economy. Basically, if the Fed continues to be this aggressive in its monetary tightening, it risks triggering a recession.

.

Leave a Comment