The FOMC will meet for two days on March 21 and 22 to take the rate decisions. Fed chair Jerome Powell had signaled that the quantum of hikes could be increased as the macroeconomic data still presents a picture of an upbeat economy.
This is not the first time Musk has called for rate cuts.
Elon Musk has called on the Fed to cut rates by at least 50 basis points in its Wednesday meeting.
"The @federalreserve should pause on Wednesday....

Bet Game
Place your Bet on XPEV's percentage change in closing price (e.g.+3%) of March 17 ET by 3:00 PM, March 17 ET. This time, we will add the prize quantities! The three mooers who place the closest bets will win 300 points each!
XPEV's Q4 FY22 Earnings Conference Call is to be hosted on March 17 ET, before the U.S. markets open! The consensus estimate for revenue is expected at $770 million, indicating a nearly...

Electric vehicle startup Rivian Automotive reported mixed fourth-quarter earnings and a lackluster production outlook after the bell Tuesday.
Shares of Rivian were down by roughly 8% during extended trading. The stock closed Tuesday at $19.30 a share, up 4.6% for the session.
Here’s how Rivian performed in the period, compared with analysts’ estimates as compiled by Refinitiv:
Adjusted loss per share: $1.73 vs....