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Siegel Warns Fed Rate Hike Imminent as Oil Surges Past $100

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Wharton professor Jeremy Siegel expects the Federal Reserve to hike interest rates next week amid surging yields and Brent crude topping $100.
  • Siegel anticipates an initial market selloff upon any rate hike announcement, warning that soaring energy prices remain a primary threat to market sentiment.
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