"I think this moves up the [Fed] pivot," says Jeremy Siegel

Nov 15

The producer price index (a leading indicator of inflation) rose 0.2% in October, below the 0.4% estimate.

"I think this moves up the [Fed] pivot," Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business, told CNBC's "Squawk Box."

"All we need is for them to recognize what prices on the ground are actually doing, and they are not going up."

The major stock market indices are up around 4% for the month as cooler than expected inflation data rolls in.

Source: BLS / CNBC

Joe Sweeney

Joe is a failed baseball player turned market blogger

"I think this moves up the [Fed] pivot," says Jeremy Siegel

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