'A very steep recession' is guaranteed if the Fed continues with its hawkish interest rate hikes in 2023, Wharton professor Jeremy Siegel says

Dec 16 2022 by Business Insider

 
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020.

Andrew Kelly/Reuters

A recession is guaranteed in 2023 if the Fed goes forward with more interest rate hikes, according to Jeremy Siegel.Siegel said the Fed is "slamming on the brakes way too hard" as it tightens monetary conditions."The talk of going higher and staying high through 2023 I think would guarantee a very steep recession," Siegel said. 

Wharton professor Jeremy Siegel...

Continue Reading 'A very steep recession' is guaranteed if the Fed continues with its hawkish interest rate hikes in 2023, Wharton professor Jeremy Siegel says