“You’ll See A Sell Off.” Jeremy Siegel Says Warsh Will Be Forced To Raise Rates And Predicts What Happens To Stocks Next
9 Articles
9 Articles
Kevin Warsh Faces Fed Credibility Test
CNBC: “Hotter-than-expected inflation data has turned next week’s Federal Reserve meeting into a defining test for Chairman Kevin Warsh. His choice now is whether to raise interest rates, or look like he isn’t in control of the central bank he leads.”
“You’ll See A Sell Off.” Jeremy Siegel Says Warsh Will Be Forced To Raise Rates And Predicts What Happens To Stocks Next
Wharton professor Jeremy Siegel sees a collision coming between a new Fed chair, a bond market demanding action, and stocks caught in the crossfire at next week's FOMC meeting.
In addition to the expected interest rate announcement from the Fed, the coming week will feature new housing figures and the EU Commission President's State of the Union speech, which kicks off the political year.
Inflation data released in the US revealed that energy-related inflationary pressures continue, while the probability of the US Federal Reserve (Fed) raising interest rates next week approached 90% in money market pricing. While eyes are turned to the monetary policy decisions the Fed will make next week, attention will be paid to the statements of Fed Chairman Kevin Warsh after the meeting and the bank's economic projections.
(Dan Tri Newspaper) - Fed Chairman Kevin Warsh faces immense pressure to raise interest rates at next week's policy meeting, after inflation reports showed that consumer prices in the US continued to rise sharply last month.
Fed’s Warsh faces new pressure to hike rates after inflation heats up
A decision to raise rates next week would come at a politically fraught time — less than two months before a midterm election that will determine control of Congress. Investors now overwhelmingly expect the Federal Reserve to raise interest rates next week after new data Friday showed gas prices … Source
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