Wharton professor Jeremy Siegel says the Fed will start cutting rates by mid-2023 and stocks are set up for a strong year

Dec 13 2022 by Business Insider

 

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The Fed will cut rates as soon as mid-2023, Wharton Professor Jeremy Siegel said.  Central bankers will see a softening economy as the result of hawkish policy, the top economist predicted. Siegel believes stocks have bottomed this year and are 10%-15% undervalued. 

After the bloodbath for stocks this year, 2023 is looking brighter as the Federal Reserve could start cutting rates by mid-year, according to Wharton professor Jeremy Siegel.

"My feeling is that the stock market is...

Continue Reading Wharton professor Jeremy Siegel says the Fed will start cutting rates by mid-2023 and stocks are set up for a strong year