Jeremy Siegel: US stocks won't soar, Fed pause hopes are driving rally

📆 03/06/2023 01:36:00
📰 BusinessInsider

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Wharton professor Jeremy Siegel says investors' hopes of a Fed pause are pushing stocks higher – and skipping a rate hike would lower the risk of a US recession

Wharton professor Jeremy Siegel has pointed to investors' hopes that the Federal Reserve will halt its interest-rate hiking cycle as a key driver of the recent strength in stocks, and argued a pause would a lower the risk of a US recession.on Thursday.

Asked whether stocks will soar or slide, Siegel said he didn't think the former was on the cards, but noted the powerful boost that artificial intelligence has provided to tech stocks such as Microsoft and Nvidia in recent weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World follows Wall Street up on hopes Fed will ease off rate hikesAsian stock markets followed Wall Street higher Friday ahead of a U.S. jobs update after Federal Reserve officials reignited hopes another interest rate hike might be postponed.
Source: wjxt4 - 🏆 246. / 63 Read more »