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The Latest Breaking News from Jeremy Siegel

Sorry Jerome, weakening economic data is 'exactly what markets needed', says Wharton professor

Jerome Powell’s Fed faces labor market weakness as Wall Street bets on rate cuts, with Jeremy Siegel and Goldman Sachs backing easing ahead.

Fortune

Stock Market Today: Nasdaq, Dow Futures Gain Ahead Of Apple's 'Awe Dropping' Event—Nebius, Fox, Oracle In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Benzinga

Mitch McConnell Says Trump Tariffs-Ushered Era Has 'Similarities' With The 1930s: 'This Is The Most Dangerous Period Since Before World War Two'

Sen. Mitch McConnell (R-Ky.) said in a recent interview that today's economic backdrop shares "certain similarities" with the 1930s, pointing to President Herbert Hoover's 1930 Smoot-Hawley Tariff Act and the era's isolationist "America First" politics.

Benzinga

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Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Fortune

Stock Market Today: Nasdaq, S&P 500, Dow Futures Drop—Target, Lowe's, TJX Companies Earnings In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs and the lede were updated in the story.

Benzinga

Markets are usually bubbly on Jackson Hole week. This year that might not happen

Powell’s Jackson Hole speech looms as markets temper Fed rate-cut bets, with hot PPI data, labor market weakness, and tariff risks clouding outlook.

Fortune

Trump’s pick for the Fed ‘fuels an existential threat’ as central bank independence is targeted, JPMorgan says

“The main threat to the Fed independence is not politically motivated turnover shifting the outcome of votes.”

Fortune

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Markets are near certain of a September rate cut as more presidents turn dovish overnight

Neither president Kashkari nor president Daly—nor governor Cook—dissented at the July meeting. With governor Christopher Waller and FOMC member Michelle Bowman already lobbying for a cut, the ranks of the dovish are growing by the day.

Fortune

Stock Market Today: US Futures Edge Higher As Investors Await Earnings From McDonald's, Uber And Walt Disney

U.S. stock futures rose on Wednesday after ending lower on Tuesday. Futures of major benchmark indices were up.

Benzinga

Ray Dalio, David Sacks Say They Would Have Fired Labor Bureau Commissioner Trump Removed: Here's Why

Billionaire investor Ray Dalio has weighed in on President Donald Trump's decision to dismiss Bureau of Labor Statistics Commissioner Erika McEntarfer, following last week's sharp downward revision to U.S. jobs data.

Benzinga

The Federal Reserve's power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

Fortune

Jerome Powell has a chance to appease Trump with a rate cut, so will he? Not likely

Analysts see signs of a shift toward easing—possibly beginning in September—but with no guarantees offered after this week's meeting.

Fortune

Stock Market Today: US Futures Rise Following S&P 500's 6-Days Of Record Close—Boeing, P&G, Starbucks Earnings In Focus

U.S. stock futures rose on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were higher.

Benzinga

Federal Reserve Rates 'Justified' Despite Being Highest Among G-10 Peers, Says LPL Economist As Trump Pressures Jerome Powell To Exit

Despite holding the highest policy rate among G-10 nations, Jeffrey Roach, the Chief Economist at LPL Financial, emphasizes that while the administration’s lobbying for lower rates is not new, the Federal Reserve‘s independence in pursuing its mandate remains paramount.

Benzinga

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Benzinga

US Stocks Likely To Open On A Mixed Note Ahead Of Coca-Cola, GM, Lockheed Martin Earnings

U.S. stock futures were fluctuating on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were mixed.

Fortune

‘Masterful inactivity’ reigned at Fed’s latest meeting—but notes reveal more officials are coming around to Donald Trump’s way of thinking

Fed officials are increasingly split on rate cuts, though UBS’s Paul Donovan says their indecision currently amounts to little more than “masterful inactivity.”

Benzinga

US Stocks Likely To Open Higher: Trump's Tariff Clock Ticks, Fed Likely To Keep Rates Unchanged

U.S. stock futures advanced on Wednesday after ending on a mixed note on Tuesday. Futures of major benchmark indices were trading higher.

Benzinga

US Stock Futures Slip After Two Days Of Record Advances: 'FOMO Could Add Another 5%-10%…,' Says Expert

U.S. futures slipped on Tuesday after two days of record-setting advances. Futures of major benchmark indices were trading lower.

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Fortune

Rate debate among the Fed has analysts questioning who’s ‘auditioning’ for Powell’s job already

President Trump has said he may move up the announcement of Powell's replacement, with analysts looking for public debate among FOMC members for clues as to who is "auditioning" for the role.

Fortune

Trump urges Congress to grill ‘dumb, hardheaded’ Powell in latest attack over Fed’s refusal to cut interest rates

Trump claimed that Americans will be paying for Powell’s “incompetence” for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.

Fortune

U.S. stocks are nearing record highs again after a furious rally — 'this market could surprise everyone'

The S&P 500 is 3% below its peak set in mid-February, when Trump launched a global trade war that began with tariffs on Canada and Mexico.

Fortune

Jerome Powell may finally grant Trump his interest rate wish thanks to China deal

President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears—but it still won't be happening any time soon.

Fortune

Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

“Powell is not going to do anything,” Siegel said in an interview. “Trump, I think, is going to step up the escalation,” he said later.

Fortune

Wharton's Jeremy Siegel calls Trump's tariffs the 'biggest policy mistake in 95 years'

“I don’t know why Trump didn’t learn the lesson of the Smoot-Hawley tariff,” he said.

Fortune

Powell to hold off on rate cuts amid Trump policy uncertainty, Goldman Sachs says

Analysts are expecting the FOMC to push back their "normalization" base rate cuts amid economic uncertainty, as Jerome Powell takes a step back from any action despite pressure from Donald Trump.

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