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.
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.
Wall St rises on debt ceiling deal cheer, hopes of Fed pauseIndexes rose by midday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling.
Read more »
Asian shares rise on debt bill progress, Fed pause hopesChina shares hamstrung by worries over post-COVID recovery.
Read more »
Gold eyes best week in nearly 2 months on Fed pause hopesGold was set for its biggest weekly gain in nearly two months, as hopes for a pause in the Federal Reserve's tightening campaign bolstered bullion's appeal
Read more »
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.
Read more »
Investors lose hope for a Fed pause: El-Erian, Dimon, Roubini weigh inInvestors are losing hope for a Fed pause and bracing for another interest-rate hike instead. Here's what 8 experts have predicted.
Read more »