Jeremy Siegel

The Federal Reserve will raise interest rates at its September 2015 meeting.

“I think after the Fed moves—and I do think they are going to move in September—and the world doesn't end”

Said on

10 August 2015 · Interview on CNBC's Closing Bell

Source

Correction looming? 'Going to be very rough': Siegel · CNBC

Should come true

Sep 2015

How sure they sounded

I do think

Categories

BankingEconomy

Importance

3 of 5 · Timing of the first US rate hike in nine years; matters to the US economy and markets.

Outcome

Inaccurate

At its September 16-17, 2015 meeting the FOMC left the federal funds target at 0-0.25%. The first hike came in December 2015, a later meeting than predicted.

Evidence:

• https://www.federalreserve.gov/newsevents/pressreleases/monetary20150917a.htm
• https://www.federalreserve.gov/newsevents/pressreleases/monetary20151216a.htm