Here’s exactly what the stock market wants from the Fed – and why it might not get it anytime soon, according to Wharton professor Jeremy Siegel

• Wharton professor Jeremy Siegel said the stock market wants interest rate cuts from the Federal Reserve.
• But that won’t happen unless the economy enters a recession and the monthly jobs report turns negative.
• “All you need is a couple of negative payrolls and a rise in the unemployment rate,” Siegel said.

Wharton professor Jeremy Siegel highlighted exactly what the stock market wants from the Federal Reserve: interest rate cuts.

But that may not happen anytime soon considering that Fed Chairman Jerome Powell just hiked interest rates for the 10th consecutive time last week to above 5%. That, combined with steady job growth and inflation remaining above the Fed’s 2% target mean investors shouldn’t hold their breath for future interest rate cuts.