# Jeremy Siegel: "I don't think the short term looks all that favorable to me" Stocks soared on Wednesday after the U.S.

*business · news · 2026-04-09 · CNBC*

## Key points

- Jeremy Siegel warns that short-term stock market prospects remain unfavorable despite recent gains.
- Siegel believes the Federal Reserve is more likely to raise rates than lower them due to high crude prices.
- Expanding money supply, commodity prices, and fiscal policy make Fed easing unlikely, according to Siegel.
- FedWatch tool now shows traders are not expecting any Fed rate cuts by the end of 2026.

**Countries:** United States, Iran

[Read the full story on CNBC](https://www.cnbc.com/2026/04/09/stock-and-other-markets-are-far-from-out-of-the-woods-jeremy-siegel-says.html)

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