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Jeremy Siegel Fears Fed 'Falling Behind' on Rate Cuts
News August 09, 2024 at 01:29 PM
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What You Need To Know
- Data suggest the Federal Reserve funds rate should be 4% or lower, the economist says.
- Unemployment surpassed the Fed's target and inflation is close, he notes.
- Siegel wondered why the central bank hasn't moved to cut rates yet given those statistics.
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