Jeremy Siegel says we are in a 'Goldilocks economy' and the Fed doesn't need to raise interest rates anymore

(Credit: Photo by Matt Stroshane/Bloomberg via Getty Images)

Not too hot, not too cold: That’s how Wharton professor Jeremy Siegel sees the economy after June’s cooler-than-expected inflation data. 

“It’s a Goldilocks economy—strong economic growth and falling inflation,” the veteran market watcher told CNBC Friday, arguing that the Federal Reserve’s aggressive interest rate hikes since March 2022 appear to be working their magic to tame inflation.