![]() ![]() “There will be tremendous selling pressure for the risk markets, and we could easily see a 1,000-point drop in the Dow immediately,” he wrote in weekly market commentary, adding that even a 25 basis point rate hike doesn’t mean stocks are “all clear.” But Siegel warned that if chairman Jerome Powell chooses to raise interest rates by 50 basis points instead, as he did in December, it could be a disaster for investors. ![]() But Siegel warns the Dow could drop 1,000 points “immediately” if the Fed goes too big with its next rate hike.Įconomists and investors are optimistic, and expect the Fed to raise rates by just 25 basis points (bps) on Wednesday in the wake of the latest Federal Open Market Committee (FOMC) meeting, where officials convene eight times a year to decide interest rate policy. Urn:oclc:807241123 Republisher_date 20170415175445 Republisher_operator Republisher_time 535 Scandate 20170414161719 Scanner the Federal Reserve raised interest rates seven times to fight the rise of inflation last year, Siegel said that investors are betting its tactics have worked. Access-restricted-item true Addeddate 14:19:43.381789 Bookplateleaf 0006 Boxid IA1150420 Boxid_2 CH132420 City New York Donorīostonpubliclibrary Edition 4th ed. ![]()
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