U.S. Economy in 'Goldilocks' Zone With Steady Growth and Low Inflation: Wharton's Siegel Forecasts Solid Market Gains in 2024
- U.S. economy is at a "Goldilocks pace" - neither too strong nor too weak - according to Wharton's Jeremy Siegel
- Recent economic data shows steady job growth, low unemployment, and rising wages, without sparking inflation
- Oil prices are rising due to Middle East conflicts, but Siegel sees few signs of inflationary pressures in other commodities
- Wall Street economists predict the Fed will start cutting rates in 2024, but Siegel believes rates could stay put if growth remains strong
- Siegel forecasts 8-10% S&P 500 gains in 2024, potentially 15% gains for value stocks