Elon Musk weighs in on the Fed's monetary policy again: 'A bad Fed decision affects the lives of everyone'
blamed the central bank's rate hikes for Tesla's gloomy performanceThe Fed's rate hikes are seen as a drag on stocks, as parking money in a interest-bearing investment instead becomes more attractive. Stock prices also tend to fall when interest rates rise because the higher levels eat eat away at the future cash flows that form part of a company's valuation.
Musk's latest comment comes just after Fed minutes from its policymakers' last meeting showed the central bank is likely to continue increasing rates this year — dashing the hopes of stock investors banking on an easing in its policy.
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