A 100 basis point rate hike by the Federal Reserve on Wednesday
will be “medicine to stop this inflation,” said Wharton professor
Jeremy Siegel.
“If [Powell] only does 50 [basis points], I think there is going
to be a big disappointment. Then [markets] are going to say he
doesn’t have control, he isn’t going fast enough,” he said.
I agree and think if they would only do 50 the market would see
a big capitulation downward. 75 would likely be some rally after an
impulse down intially, and I think 100 is a tradeable bottom. Good
news is that you can now buy a more expensive cup of coffee with my
advice
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A 100 basis point rate
Posted by steve on 15th of Jun 2022 at 06:42 am
A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” said Wharton professor Jeremy Siegel.
“If [Powell] only does 50 [basis points], I think there is going to be a big disappointment. Then [markets] are going to say he doesn’t have control, he isn’t going fast enough,” he said.
I agree and think if
Posted by fundamentalvalues on 15th of Jun 2022 at 07:57 am
I agree and think if they would only do 50 the market would see a big capitulation downward. 75 would likely be some rally after an impulse down intially, and I think 100 is a tradeable bottom. Good news is that you can now buy a more expensive cup of coffee with my advice