(Rick Rieder, Blackstone Group's Chief Global Fixed Income Investment Officer) shared a chart on X and wrote, “The April CPI data showed signs of slowing down in several service sectors that have been hot this year. This positive development lends credibility to the idea that some excessive seasonal factors may have occurred in the first quarter, and keeps the possibility of interest rate cuts this year still open.” In response, Musk said, “Do you think the Fed should cut interest rates? Will this provide substantial benefits to low-income earners? I understand you think so, and I agree with your position.” (Global Market Report)