Elon Musk Sides With Wharton Professor Who Says Fed Being 'Real Tough Guys Until We Crush The Economy' - Tesla (NASDAQ:TSLA) - Benzinga

Jeremy Siegel came down heavily on the Fed for not tightening monetary policy before inflation went out of control. The central bank sees stubborn inflation that requires it to stay tight all the way through 2023. Siegel also sees a recession materializing, with the working- and middle-class Americans paying the price.
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4 days ago

Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history - MarketWatch

Jeremy Siegel argued the Fed made a massive policy mistake last year by not moving to tighten monetary policy before inflation got out of hand. He mocked the Fed and Powell for insisting inflation would quickly fade on its own. Siegel said the central bank is making working- and middle-class Americans pay with what he expects will be a punishing recession.
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6 days ago

Jeremy Siegel Says Future Stock Market Surprises Will Be to the Upside

The stock market is poised to surprise investors to the upside as inflation cools down, according to professor Jeremy Siegel. On the ground I don't see prices going up anywhere near the rate it did in the past, Siegel said. The market expects another 75 basis points in rate hikes by year-end.
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2 weeks ago

Wharton's Jeremy Siegel says bottom is in and soft landing can happen

Wharton business school professor Jeremy Siegel said the U.S. Economy can still avoid a recession and another big downturn in stocks. Siegel pointed to the slowdown in the housing sector as proof that the Fed's rate cuts were being effective. The Fed has raised rates by three-quarters of a percentage point at both of its last two meetings, in June and July.
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1 months ago

Stock Market Outlook: Fed Hikes to 4% Will Push Stocks Lower, Says Siegel

US stocks bottomed in June but the market could drop again if the Fed remains overly aggressive, Wharton professor Jeremy Siegel said Tuesday. The Fed has raised the fed funds rate four times this year, bringing it to a range of 2.25%-2.5%, he said. The world's largest economy could find a soft landing if the central bank loosens its grip on money supply, he said.
#JeremySiegel #Fed #News #Business #Markets

1 months ago