Home Business Markets Are Spooked by Inflation. Cathie Wood and Elon Musk See a Bigger Issue

Markets Are Spooked by Inflation. Cathie Wood and Elon Musk See a Bigger Issue

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Markets Are Spooked by Inflation. Cathie Wood and Elon Musk See a Bigger Issue


It’s no secret that investors are worried about runaway prices for goods and services, with the stock market on track to post its worst weekly run since mid-June and also nearing its worst performance since the Covid-19 pandemic rolled across the U.S. more than two years ago.

This week’s consumer price index numbers showing inflation running at an astonishing 8.3% annual pace as of last month all but confirmed that Federal Reserve Chair Jerome Powell will likely continue on his war path of raising benchmark interest rates in a bid to stop consumers and businesses from borrowing and spending.





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