Wharton Professor Predicts Fed Could Begin Cutting Rates as Early as March as Inflation Falls
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The Fed's battle against high inflation is just about over, according to Wharton professor Jeremy Siegel.
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He predicted central bankers could begin cutting interest rates as soon as March.
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The Wharton professor thinks the US could risk a recession if the Fed doesn't dial back interest rates soon.
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Siegel pointed to the recent drop in inflation, with prices up just 3.2% year-over-year in October.
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He suggested the Fed's next move could be a rate cut even without a recession, possibly as early as March 2023.