‘The elephant in the room for Tesla,’ according to WedBush’s Dan Ives
Marketmind: Inflation vs recession
Yes, recession risk remains high on markets’ radar but no, there are yet few signs that central banks will be swayed in their determination to aggressively raise interest rates. So, it was no surprise that the Reserve Bank of Australia lifted its key interest rate on Tuesday by 50 basis points to 1.35%. And as this table shows, central banks in big developed economies are opting for large moves to get ahead of price pressures.