Elon Musk
Elon Musk.
  • Elon Musk warned it could be "tough sledding" for the US economy until next spring. 
  • He tweeted in response to the news that the Fed's own economists expect a mild recession this year.
  • The Tesla CEO has blasted the Fed's interest-rate hikes, cautioning they may spark a recession.

The US economy probably faces a hard slog for the next year as higher interest rates and other headwinds weigh on growth, Elon Musk has warned.

"Tough sledding until spring next year is my best guess," the Tesla, Twitter and SpaceX CEO tweeted on Wednesday.