Today news
About the same in other media
Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns
Reading now: 973
cnbc.comLong-term market bull Jeremy Siegel expects a serious pullback that it isn't tied to the Covid-19 surge risks.
His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation.
«If the Fed suddenly gets tougher, I'm not sure that the market is going to be ready for a U-turn that [chair] Jerome Powell may take if we have one more bad inflation report,» the Wharton finance professor told CNBC's "Trading Nation" on Friday. «A correction will come.»
The consumer price index surged 6.2% in October, the Labor Department reported earlier this month. It marked the biggest gain in more than 30 years.
Siegel criticizes the Fed for being far behind the curve in terms of taking anti-inflationary action.
«Generally,
Read more on cnbc.comAbout this in other media
At least 13 dead and scores injured in Indonesia volcanic eruption euronews.com /2 years ago
Indonesia keen on CBDC, sees it as ‘tool’ to ‘fight’ crypto ambcrypto.com /2 years ago
Fed Chair on Higher & Not Transitory Inflation, Yellen On Stablecoins + More News cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
