Federal Reserve's Next Move Is '50/50 Toss-Up': Jeremy Siegel Says Powell Corrected Market Expectations

On,The,Smartphone,Screen,,Federal,Reserve,(fed),Chair,Jerome,Powell

Following the Federal Reserve‘s recent rate cut, Wharton finance professor Jeremy Siegel says the odds of another cut in December are now a "50/50 toss-up." However, he still expects the S&P 500 to reach the 7,000 mark by year’s end.

Powell Puts A Lid On December Rate Cut Overenthusiasm