Wharton Professor Jeremy Siegel says he’s disturbed by the Fed’s groupthink as there are no members who have dissented with Powell’s hawkishness
“Their talking points are getting them into the feeling that the only thing we have to do now is kill inflation no matter what the costs,” Siegel said.
US stocks fall after biggest 2-day rally since 2020 as investors assess Fed path and new payroll data
The S&P 500 was pulling back from its gain of nearly 6% over the past two sessions. Treasury yields were moving higher after declines fed the rally.
Categories: Economics/Class Relations