Jeremy Siegel: Stocks could jump 15% if Fed cuts rates quickly

Stocks could jump 15% or higher – so long as the Fed cuts interest rates quickly later this year, according to Wharton Professor Jeremy Siegel.

"I would see a meaningful gain in the stock market, I think if I saw that the Fed would respond to the downside as rigorously as responded to the upside," the top economist said in an interview withon Wednesday, referring to the central bank's aggressive interest rate hikes over the past year to combat inflation.

If Fed officials cut rates quickly in response to negative GDP or job market weakness, stocks could see smooth sailing and return 15% or more through 2023, Siegel predicted. If rates aren't cut in a timely matter, he believed stocks could see a 5%-10% return.due to rising inflation and the Fed's rapid interest rate hikes., as inflation is already on the downtrend.per the latest consumer price index report.than what shows in the official statistics due to lags in the recorded data.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

If the Fed doesn't cut rates, it will be 'tougher sledding' for the market this year, says Jeremy SiegelWharton finance professor Jeremy Siegel told CNBC he's expecting some months of negative job growth later this year.
Source: CNBC - 🏆 12. / 72 Read more »

Housing Market Crash: Home Prices to Fall Another 15%, Says 2008 SageA chief economist who called the 2008 housing crisis says home prices are set to drop another 15% as falling mortgage rates and a recession will create a supply-demand imbalance
Source: BusinessInsider - 🏆 729. / 51 Read more »