The Fed should definitely cut after 'game-changing' June CPI data, says Wharton's Jeremy Siegel
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- เผยแพร่เมื่อ 4 ส.ค. 2024
- Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to make of the key inflation data this week, impact on the Fed's rate path outlook, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Binance listing XAI20H is definitely around the corner is just a matter of time and patience.
Just swapped all of my last ETH and swapped it into XAI20H. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Jeremy has been saying cut rates now for over a year. if they would have cut rates even six months ago, we would be in BIG trouble right now.
yeah, guy is a whiner
Seigal is a parasite on the markets. He loves his money for doing nothing. He wants more of that good old free asset price inflation. He lives for it.
XAI20H has all the things needed to become rich.
cutting rates with the markets at an all time high.. not sure of a precedent for this
sounds like you missed out on some gains.
Interest rates high? Stonks go up. Interest rates low? Stonks go up. Stonks only go up.
Stock market is not the economy.
The market is at all times highs, apart from AI hype, because it is anticipating rate cuts. If rates do not get cut the market would go down. Regardless the mistake is taking the stock market, whether up or down, as equivalent to the real world economy when it is not. They are often moving in opposite directions.
@@illegalsmirfthey mad they didn't get in earlier
The market is echoing the 2015-16 scenario, poised to reach new heights, but may experience a sideways trend until fed signals rate cut. I recently sold 25% of my portfolio, comprising struggling stocks recommended by certain financial TH-camrs, which unfortunately took a significant hit.
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
Such uncertainty is the reason I don't base my conviction on rumors or a ''hearsay'' I have my day-to-day investing decisions being guided by an invt-advisor, seeing that their skillset is built around long and short term, both employing profit-oriented strategies and providing hedge against inevitable downtrends, coupled with exclusive analysis, it's near-impossible to not outperform. I've realized over $600k from $235k capital, since late 2019 just before the pandemic to date.
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There are many advisors to choose from. But I work with monica Mary strigle and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
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One thing I know is that Elon's XAI20H will make people rich in 2024 only if we get in now .
@@Bhagwandash-fv5xb spam reported
It shows future of ai tech but will never cover forward PE. Leave party early not late.
You cut interest rates because you are facing a recession. We are nowhere close to a recession. Every time we faced economic downturn or recession, the velocity of M2 money stock was declining. How on earth are we going to cut interest rates while that velocity is going up? Every time it was done in the 70s, inflation came back.
We're trying to not create an unnecessary recession by cutting now
“Nowhere close to a recession” unemployment rising half a percent has preceded almost every recession in the last century
If they were manipulating the numbers to maintain an image of Prosperity until Trump is allowed to slip Back into the White House,
could they be attempting to dump a Recession in His Administration's lap?
After Hoover the GOP was unable to get a President into Office until Ike.
He was forced to deal with LBJ and Sam Rayburn,
who were real astute Congressional Leaders.
they have to cut rates to refinance the debt. Else they will keep paying 1T in interest rates
@@Josh-hz8vz We may face stagflation but we are not going to have a recession.
If i say everyday that it is going to rain tomorrow and one day it happens does it make me a meteorologist???😂😂😂😂
cut rate? do we want double stock market bubble?
Sooner or later bad news has to mean bad news... Market can't keep going up based on higher unemployment. At some point this will start bringing the market down and fed will have to start lowering rates. To me it feels like we're right around that time. Stock crashed yesterday after this great CPI print. Now was unemployment inches higher stock market will come pull back.
Remember the first rate cut would signal the fed is easing but by the time that rate cut works itself into the economy... We might go into a recession.
I had two people in front of me at the supermarket and they used 4 separate credit cards to pay the bills because the cards kept declining. The lower class is feeling it.. People say that we're not in a recession because the middle/upper class was able to save during covid... Those savings are running out now.
No, the Fed should not cut. The only thing June's reading tells us is that we are back to the 2023 low. We bounced from there last time and here we are how many months later. One modestly high reading is not evidence.
There is NO reason to cut rates. Employment remains VERY favorable and Y/Y inflation remains above the Fed’s target.
- .1% is game changing? that is less than the margin of error.
I like this grandpa, he is always smiling and very intelligent.
Drop the interest rate. Load on debt payments go way down. Do it, do it!
It's just stupid to cut rates when the stock market is on fire and unemployment is low. It's just stupid stupid stupid
Why would they want hyperinflation ?
@@robertjones2282 Inflation is low again with CURRENT RATES
Jeremy must have a lot of stocks still being hurt by the interest rate hiking.
The economy is slowing because inflation is too high. Rate cuts will make inflation worse.
I actually agree, and this is the first time since covid. Housing and all prices being down are the two things you need. They both were.
this has to be super historic the markets are booming and a looming recession simultaneously incredible every day 📈 💸 💰
if we cut too soon triple bubble 🫧
no raise now!!!!
Perhaps too nerdy for a airport news blurb show but early slow down warning of employment gives tech bubble 10 months easy with yesterdays flash of anxiety as a wake up call. Tech still ahead of small stock. QQQ vs BRKB tells story month to date well. A few percent of change on the moth difference is still noise.
Jeremy is right-
Need a change in sentiment and consumer confidence. We've done everything we could to ensure a soft landing. Forced companies to stabilize their margins. And many restructured in the last 2 years. Even warned of a recession so companies would be poised for a margin crunch. Benefits of a recession without the negatives. Was the goal all along. We're poised for steady growth. Fed may not need to cut. If sentiment changes enough. There's enough momentum in the economy yet.
Politics is weighing on sentiment. Uncertainty is everywhere.
There won't be a recession if sentiment changes. Now a rate cut could change that sentiment. But ultimately it's more symbolic than anything. Economy can grow at 5.25% ffr or 5.00% ffr. All the factors necessary for steady growth are in place now.
Siegel has been calling for cuts since last year. Eventually he will get one right.
No he hasn't.
More like since early 2022 before the Fed even started hiking.
Sahm rule is not to predict but to verifies recession is indeed present if the conditions are met. Often times, the recession has already here for several months when the conditions are met. Sahm rule verifies the present of a recession so that the government could send out stimulus checks to help out the poor. It is not a predicting tool.
Fed should have started back in March. A .25 cut doesn’t make a ton of impact on inflation but helps the poor and smaller companies. No reason to keep rates at this level… fed was too late to raise and they will once again be too late to cut.
Finally , someone Joe can't continually talk over ...
Rates are right no need to cut, election cut
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Got in at XAI20H at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
cut on a green day
I see XAI20H everywhere. Could someone explain what XAI20H is?
Yes, it's a scam promoted by bots that TH-cam can't seem to get rid of!
but the economy is so strong. keep that powder dry for when it starts to weaken....
yes, prices have risen 3% in the past 12 months. what a game changer! insane that anyone listens to guys like him.
Joe doesn't have the brains to call The Professor out on his nonsense. I am finding less and less value from CNBC.
Every GOP President since Hoover has had a Recession ALL of THEM different weak excuse each time but ALWAYS a RECESSION ALWAYS.
Seriously going to listen to Siegel? He didn’t want the rates to go above 3%….calling for constant recession until it didn’t happen and the economy kept on going.
biden just said we have the greatest economy ever
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He worried about the election. If Trump was President he would be screaming about a rate cut.
Peter Schiff is so much smarter and wiser than this ‘professor’
Only Mr. Trump can get those all time high interest rates down quick. Small cap biotech companies are going bankrupt every day . No hope for emerging biotech companies, innovation and fair competition. Thanks to high interest rates and democrat's quest to bring inflation down. Please save smallcap bio Mr. Trump
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XAI20H and AERO will be huge.
Even in the volatility, I still see XAI20H coming out strong 🚀
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Guy is a whiner
XAI20H is a sleeping giant, buy while it's still under $10. I expect this to at least 5X from its current position easily.
Bought XAI20H at 0.88 each, couldn't believe my eyes when I saw it soar past 1$.
Everyone is buzzing about XAI20H; is it the biggest news of the year?
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