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

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

[su_button url=’https://markets.businessinsider.com/news/bonds/recession-guaranteed-economy-outlook-2023-fed-rate-hikes-jeremy-siegel-2022-12′ target=’_blank’ style=’ghost’ background=’#010066′ color=’#010066′ size=’2′ wide=’no’ center=’no’ radius=’auto’]Read more at markets.businessinsider.com[/su_button]