Jeremy Siegel

The Fed will raise rates by 50 basis points (not 75) at its December 2022 meeting.

“I do expect the 50 basis points”

Said on

29 November 2022 · Interview on CNBC's Squawk Box, reported by Benzinga

Source

Wharton Professor Jeremy Siegel Says 2023 Recession Odds 'Virtually 100%' If The Fed Doesn't Pivot · Benzinga

Should come true

14 Dec 2022

How sure they sounded

I do expect

Categories

BankingEconomy

Importance

2 of 5 · Size of a single Fed hike; matters to markets and the financial field.

Outcome

Accurate Happened 14 December 2022.

At its December 13-14, 2022 meeting the FOMC raised the funds rate target by 50 basis points to 4.25-4.50%, stepping down from four straight 75 bp hikes.

Evidence:

• https://www.federalreserve.gov/monetarypolicy/openmarket.htm