<ul><li>Elon Musk warned that further interest rate hikes by the US Federal Reserve will cause a severe recession, citing a mild recession already underway and several recent bank collapses.</li><li>Musk believes that the data the Fed receives is outdated and not indicative of the current market situation, which could lead to further rate hikes being imposed based on old information.</li><li>Musk claims to have access to more real-time global economic data than anyone else through his companies Tesla, Starlink, and Twitter.</li><li>The market is still predicting another 25 bps rate hike by the FOMC this week, with a probability of 87.3%.</li></ul>

Elon Musk warns of a severe recession, criticises 'latency' of Fed's data

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