Jeremy Siegel: The Fed’s Rate Hike Is Good for Stocks

Don’t fear the Fed’s 25-basis-point rate hike on Wednesday, according to Jeremy Siegel. Given the strength of the economy and low unemployment, he said stocks can withstand higher rates. Siegel is the Russell E. Palmer Emeritus Professor of Finance at the Wharton School of the University of Pennsylvania and a senior economist for WisdomTree. He [...] The post Jeremy Siegel: The Fed’s Rate Hike Is Good for Stocks appeared first on ETF Trends .