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."
