Expect stock rally to end, recession to hit, Fed to stop hikes: Siegel

📆 6/14/2023 5:13 AM
📰 BusinessInsider

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The stock rally will end soon, recession will hit, and the Fed won't hike interest rates again, markets guru Jeremy Siegel predicts

The stock-market rally will run out of steam, the US economy will sink into a mild recession, and the Federal Reserve won't hike interest rates any higher, Jeremy Siegel has predicted.bull market

"This recent bull market move is no guarantee we are out of the woods from the downturn," the retired Wharton finance professor said in his"I remain cautious and I do not think we have the start of a major up move here," Siegel continued, adding that stocks are also unlikely to slump below their October lows.

While the Fed is widely expected to lift rates next month, Siegel suggested it might refrain fom tightening its monetary policy anymore.

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