Markets are shocked by inflation.  Cathie Wood and Elon Musk see a bigger problem

Markets are shocked by inflation. Cathie Wood and Elon Musk see a bigger problem

It’s no secret that investors are concerned about runaway prices for goods and services as the stock market is on track to record its worst weekly run since mid-June and also nears its worst performance since the Covid-19 pandemic that has more rolled across the US for over two years. years ago.

This week’s consumer price indices show inflation has been running at an astonishing pace of 8.3% a year since last month, virtually confirming that Federal Reserve chairman Jerome Powell is likely to continue on his warpath to raise benchmark interest rates in an effort to stop consumers and businesses from borrowing and spending.

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