Jeremy Siegel: Stocks could add another 5% onto record rally by year-end thanks to the Fed

After four 0.25% hikes last year, the target range for the fed funds overnight bank lending rate stands at 2.25% to 2.5%. The final Fed increase in borrowing costs in 2018 came in December when the stock market was melting down.

Siegel said he hopes the Fed cuts rates by a half percentage point at its upcoming July 30-31 meeting, though he acknowledges that such a bold move would be unlikely.tracker was putting only about a 25% probability on a 0.5% reduction in the fed funds and much larger 75% odds on a 0.25% cut. The reason Siegel would like to see a deeper cut is because he's concerned about the fed funds rate being higher than the3-month TreasuryThat so-called inverted yield curve, when shorter-term bonds deliver higher rates than longer-term ones, historically has signaled a recession on the horizon.

"The biggest factor here is we really did see an inversion in that yield curve," Siegel said. "I've gone through history, it is one of the most single reliable indicators of a recession. And I worry about that."

the fed will create a massive bubble

One contrary prediction after another. Investors will LOVE that. Understandable uncertainty.

Mnuchin said we need to raise the debt limit before Congress adjourns. If the economy is doing so well per Trump, the tariffs are bring so much money per Trump, and tax cuts are good per Trump, Then why are we getting deeper into debt faster?

Kinda sad no one is or has been talking about fundamentals or earnings for a while now. They just see stock prices and the Fed, not earnings.

Could? And only 5%?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asia stocks rise, dollar sags as Fed chair sets stage for rate cutAsian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair ... Yuan benchmark here we come. Winter is coming. Moving the goal posts; changing the rules. Typical leftist games.
Source: Reuters - 🏆 2. / 97 Read more »

Asia stocks gain, dollar droops as Fed chair sets stage for rate cutAsian stocks gained and the dollar drooped on Thursday after Federal Reserve Cha...
Source: Reuters - 🏆 2. / 97 Read more »

European stocks set for higher open after Powell hints at Fed rate cutEuropean stocks look set to open higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. WE ARE GOING BACK TO GOLD THEY WERE ALWAYS HIGHER
Source: CNBC - 🏆 12. / 72 Read more »

Stocks gain, dollar sags as Fed chief shores up rate cut prospectsWorld stocks rose, global bond yields fell and the dollar weakened after Federal... Why is he cutting rates if the economy is good? Sags? Lol. How do you expect us to relate that. Fraudulent investors, fraudulent Fed.
Source: Reuters - 🏆 2. / 97 Read more »

The Fed 'put' could insulate stocks from trade wars, send the Dow to 28,000With a potentially negative earnings season looming, investors see easy Fed policy as the security blanket the stock market needs as it breaks to new highs. Silly, but you are CNBC Great to hear that Wall St is doing amazing. Wish I could say the same... Not possible.
Source: CNBC - 🏆 12. / 72 Read more »