Wharton professor Jeremy Siegel told CNBC's Closing Bell on Thursday that new Fed Chair Kevin Warsh will have to "bite the bullet and raise rates" at next week's FOMC meeting, warning that a hold could trigger "4 or 5 or maybe six dissents, which would be, you know, unprecedented." The federal funds target upper bound sits at 3.75% as of September 11, 2026, unchanged for a month and down 0.75% from a year ago, and Siegel argues that easing streak has run out of room. He pointed to the national average for regular gasoline, which hit $4.16 per gallon in the week ended September 7, 2026, up $0.086 in a week and at the 88.5 percentile of the past year's range, and to the 10-year Treasury yield, which closed at 4.83% on September 9, 2026, its highest reading in the past year. Siegel expects equities to "first shudder and you'll see a sell off," then rally if the long bond treats the hike as "credible at fighting inflation," with "range bound" trading in the weeks that follow. Oracle reported Q1 FY2027 results after the close on September 10, 2026, posting revenue of $19.34B, up 29.6% YoY, with cloud infrastructure revenue up 121% YoY to $7.39B, but Q1 capex reached $28.5B and free cash flow was negative $5.40B, leaving the company exposed to higher long yields as it plans to raise roughly $40B in FY2027.
Oracle CorporationOracle's Q1 capex hit $28.5B with negative $5.40B free cash flow and plans to raise ~$40B in FY2027, leaving it exposed to higher long yields if the Fed hikes.
