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Potential red flags for the rally
  + stars: | 2024-02-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPotential red flags for the rallyThe Investment Committee debate Professor Jeremy Siegel's idea that the bull market doesn't depend on the Fed cutting rates soon.
Persons: Jeremy Siegel's
Drew Angerer | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And if inflation does indeed fall further, Powell suggested the Fed might deviate from its projections and keep rates steady. July's Federal Open Market Committee "will be a live meeting," because "a decision hasn't been made," Powell said. But even if the Fed doesn't hike in July, it's likely to hold rates steady for the rest of the year.
Persons: Jerome Powell, Drew Angerer, Gundlach, Wharton, Jeremy Siegel's, Powell, hasn't, there's, it's Organizations: Federal Reserve, Federal, Market, Getty, CNBC Locations: Washington ,
Elon Musk has a new arch-enemy: the Fed
  + stars: | 2022-10-21 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Elon Musk blasted the Fed's rapid rate hikes after Tesla blamed a strong dollar for missing sales forecasts. A Fed reversal could boost Tesla's sales and profits, and lift the value of Musk's shares. "The Fed is raising rates more than they should," Musk said during the automaker's third-quarter earnings call on Wednesday. "The Fed is not listening, because they're looking at the rearview mirror instead of looking out the front windshield," Musk said on the call. Additionally, if the Fed start loosening its monetary policy, that type of economic stimulus would likely juice Tesla's vehicle sales.
Not even September's stubbornly high CPI report could change Jeremy Siegel's view that the Fed needs to stop hiking interest rates. "If the Fed waits for the core to get down to 2% year-over-year, it will drive the economy into a depression," Siegel warned. "If the Fed waits for the core [inflation] to get down to 2% year-over-year, it will drive the economy into a depression," Siegel told CNBC on Thursday. Housing, which is almost 50% of the core rate, is the most distorted of all," Siegel explained. Now they're over correcting with interest rate hikes as inflation is high, but is leading indicators show signs it is falling.
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