Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Monday said that a fresh surge in inflation is making him nervous and warned that the accelerating pricing pressures could compel the Federal Reserve to raise interest rates at faster clip than currently anticipated, which could deliver a correction to equity benchmarks.
Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Monday said that a fresh surge in inflation is making him nervous and warned that the accelerating pricing pressures could compel the Federal Reserve to raise interest rates at faster clip than currently anticipated, which could deliver a correction to equity benchmarks.