Wharton professor Jeremy Siegel says a major Fed rate increase could send the Dow down 1,000 points, and ending the hikes could boost the S&P 500 by over 10%

(January 31 22:38) Businessinsider.sg

Siegel said a Fed interest-rate hike of 50 basis points on Wednesday could tank stocks, and further increases would virtually guarantee a recession.

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Wharton professor Jeremy Siegel says a major Fed rate increase could send the Dow down 1,000 points, and ending the hikes could boost the S&amp;P 500 by over 10%