Stocks could soar 15% or more this year as long as the Fed cuts rate quickly, Jeremy Siegel said. The top economist has warned of the dangers of keeping interest rates too high. AdvertisementStocks could jump 15% or higher – so long as the Fed cuts interest rates quickly later this year, according to Wharton Professor Jeremy Siegel. 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. High interest rates also threaten to overtighten the economy into a recession, he has said.

Source: Economic Times May 11, 2023 03:04 UTC