What’s next for the Federal Reserve’s rate hikes? That’s a question investors are wondering about as Friday’s jobs report came in hot.
After a very hot jobs report on Friday, investors are wondering what’s next for the Federal Reserve.
“The CME Group’s FedWatch suggests both a 99.6% chance of another 25 basis point rate hike from the Fed next month in Washington, with bets on a follow-on move in early May — that would take the Fed Funds rate to a range of between 5% and 5.25% — rising to around 69.5% in early Monday trading,” Martin Baccardax wrote.
But outside of the macro environment, Tesla hiked its Model Y Long Range prices by $1,000 to $54,990 after the U.S. government tweaked its tax credit rules, meaning that the Model Y and Model Y Performance are both eligible for the $7,500 tax credit.
This comes as CEO Elon Musk told investors last month that orders for the month of January to date were “the strongest in our history.”
TheStreet’s Top Stories:
Stock Market Today: Stocks Slide As Markets Re-Think Fed Rate Path; Powell Speech In FocusTesla Lifts Model Y Prices After US Tweaks $7,500 Tax Credit RulesTyson Food Stock Slumps As Beef Price Slide Clips Q1 Earnings
