Wharton Professor Jeremy Siegel warns the Dow could drop 1,000 points 'immediately' if the Fed goes too big with its next rate hike

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31 Jan 2023 0 shares 1 views

Wharton Professor Jeremy Siegel warns the Dow could drop 1,000 points 'immediately' if the Fed goes too big with its next rate hike

Upworthy

Published 31 Jan 2023

After a brutal year in 2022, the S&P 500 rose over 6% in January—to the surprise of many Wall Street analysts. But Wharton Professor Jeremy Siegel warned on Monday that the good times may not last. After the Federal Reserve raised interest rates seven times to fight the rise of inflation last…

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Wharton professor Jeremy Siegel says a major Fed rate increase could send the Dow down 1,000 points, and ending the hikes could boost the S&P 500 by over 10%

Upworthy 31 Jan 2023

Jeremy Siegel. Steve Marcus/Reuters A 50-basis-point hike this week could send the Dow down 1,000 points, Wharton's Jeremy Siegel..

Wharton Professor Jeremy Siegel warns the Dow could drop 1,000 points 'immediately' if the Fed goes too big with its next rate hike

Wharton Professor Jeremy Siegel warns the Dow could drop 1,000 points 'immediately' if the Fed goes too big with its next rate hike

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Wharton professor Jeremy Siegel says a major Fed rate increase could send the Dow down 1,000 points, and ending the hikes could boost the S&P 500 by over 10%

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