Elon Musk is again warning of trouble ahead

Elon Musk is again warning of trouble ahead

Elon Musk worries about the future of the economy.

The CEO of electric vehicle manufacturer Tesla (TSLA) has been reiterating in recent days his fears about what lies ahead for the economy as the Federal Reserve prepares to raise interest rates again in hopes of tackling inflation at its highest level in 40 years.

The central bank is holding a two-day monetary meeting on September 20-21. At the end of this session, economists, the business community and markets expect the institution to raise interest rates by at least 75 basis points, or 0.75%, amid the latest data showing that rising prices of goods and services it is far from calm.

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