×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: inflation | economy | wharton | federal reserve

Wharton Finance Professor: Inflation Trends Could Spark Market Correction

Wharton Finance Professor: Inflation Trends Could Spark Market Correction
Janet Yellen, U.S. Treasury secretary, speaks at a House Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve coronavirus pandemic response on Capitol Hillon September 30, 2021 in Washington, DC. (Al Drago-Pool/Getty)

By    |   Saturday, 02 October 2021 07:03 PM

Current inflation trends could exert pricing pressures, leading the Federal Reserve to raise interest rates earlier than expected, Jeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business told Market Watch.

"(I am) nervous about the trends I see in inflation currently," said Siegel. 

His comments follow Federal Reserve Chairman Jerome Powell's statement that inflation could carry into next year due to supply-chain shortages.

"It's frustrating to see the supply-chain problems not getting better, in fact they are probably getting worse," Powell said at a virtual forum with other central bank leaders, including members from the European Central Bank. "It's very difficult to say how big the effects will be in the meantime and how long they will last."

Echoing a similar notion, Philadelphia Federal Reserve President Patrick Harker said that an interest rate hike could take place in late 2022 or early 2023, according to Market Watch.

"The problem lies on the supply side, not with demand. Asset purchases aren't doing much – or anything – to ameliorate that," Harker said.

© 2022 Newsmax. All rights reserved.


Newsfront
Current inflation trends could exert pricing pressures, leading the Federal Reserve to raise interest rates earlier than expected, Jeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business told Market Watch.
inflation, economy, wharton, federal reserve
178
2021-03-02
Saturday, 02 October 2021 07:03 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved