Stock market outlook: Here's what investors want from Fed, says Jeremy Siegel

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Brasil Notícia Notícia

Here's exactly what the stock market wants from the Fed - and why it might not get it anytime soon, according to Wharton professor Jeremy Siegel

Wharton professor Jeremy Siegel highlighted exactly what the stock market wants from the Federal Reserve: interest rate cuts.just hiked interest rates for the 10th consecutive time last week

"The internal strength is there. First quarter [earnings] was good, the guidance was not terrible going forward," Siegel said in a Monday interview with CNBC. "If those three things happen, which I think are extremely low probability, then I think another quarter point [interest rate hike] might be on the table," he added.

"Here's the bar for them to lower [interest] rates. You gotta have a negative payroll. One or two negative payrolls. Don't forget we're getting into political season. If we get a negative payroll that's going to hit headlines... all you need is a couple of negative payrolls and a rise in the unemployment rate, and the political pressure [is] on the Fed," Siegel said.last week, with 253,000 jobs added to the economy.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes