Jeremy Siegel says the banking crisis has made him more optimistic about the US economy next year
But Siegel suggests the fallout from the banking mayhem will push the Fed to ease up on rate increases. It has hiked interest rates by 450 basis points since March 2022 to combat soaring inflation in the US economy.
The banking turmoil is doing some of the US central bank's job for it by tightening financial conditions, according to several analysts. Customers are shifting their deposits to bigger banks, which are typically less likely to lend to businesses, while the risk of further bank runs could prompt some institutions to turn cautious on making loans.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Bitcoin (BTC) Approaches $29,000, This Professor Warns Rally Might Fizzle OutNot so fast, bulls, Bitcoin's recent rally may fizzle out, warns Wharton professor Jeremy Siegel
Read more »
Jeremy Scott With Celebrity Friends Wearing Moschino Through the Years, From Madonna to Bella HadidDuring his 10-year tenure at Moschino, Jeremy Scott created playful collections that caught the attention of many celebrities including Madonna, Katy Perry, and Bella Hadid. Discover the designer’s star friendships and celebrities who wore his creations:
Read more »
Here’s What Jeremy Strong, Nicholas Braun, and More Wore to the ‘Succession’ Season 4 PremiereSuccession's Season 4 premiere was a stylish affair, but Jeremy Strong stole the show with his daring all-brown outfit. Succession HBO
Read more »
Man identified who police suspect killed wife, daughter and self in North Side apartmentJeremy Martinez, 43, was found dead Monday morning alongside his wife and 7-year-old daughter at a North Side apartment.
Read more »
‘Only Murders In The Building’: Jeremy Shamos, Linda Emond & Wesley Taylor To Recur In Season 3EXCLUSIVE: Hulu’s Only Murders in the Building has added Jeremy Shamos, Linda Emond, and Wesley Taylor to its Season 3 cast in recurring roles. The trio joins series stars Steve Martin, Marti…
Read more »
Jeremy Strong 'relieved to be free' of Kendall now 'Succession' is endingJeremy Strong spoke to Newsweek about Kendall Roy's arc in 'Succession' Season 4 and explained why it was the 'right time' to say goodbye to the character. Read more:
Read more »