Aug 17, 2022
Jeremy Siegel, a professor at Wharton, predicts that if the Fed raises rates to 4% or higher, the stock market would decline once more. The market reached a low point in June. US stocks hit a bottom in June, but Jeremy Siegel warned on Tuesday that if the Fed continues to act very aggressively, the market might decline once more. Wharton business school professor Jeremy Siegel said Tuesday that the U.S. economy can still avoid a recession and another big downturn in stocks. With signs that inflation may have peaked, the Federal Reserve has a path to achieve a so-called “soft landing” where inflation comes down without causing a major recession, Siegel said on “Squawk Box.”