Siegel

Wharton’s Jeremy Siegel says the Fed needs to hike rates only by another 100 basis points

Wharton’s Jeremy Siegel says the Fed needs to hike rates only by another 100 basis points

Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points because an economic slowdown is in sight. “I think we only need 100 basis points more,” Siegel said on CNBC’s “Squawk Box Asia.” “The market thinks it’s going to be a little …

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Jeremy Siegel says 100 basis point rate hike is 'medicine to stop this inflation'

Jeremy Siegel says 100 basis point rate hike is ‘medicine to stop this inflation’

Wharton’s Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be “close to the bottom.” A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” the Wharton professor of finance at the University of Pennsylvania told CNBC on Wednesday. “The Fed needs …

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