Elon Musk warns again of future problems

Elon Musk warns again of future problems

Elon Musk is concerned about the future of the economy.

The CEO of Tesla, the electric vehicle manufacturer (TSLA) has in recent days reiterated its fears about what lies ahead for the economy as the Federal Reserve prepares to raise interest rates again in hopes of curbing inflation to its 40-year high.

The central bank is holding a two-day monetary meeting from September 20-21. After this meeting, economists, business and markets expect the institution to raise its rates by at least 75 basis points, or 0.75% given the latest figures showing that the rise in the price of goods and services is far from calm.

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