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.
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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.
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