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%

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%

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Jeremy Siegel. Steve Marcus/Reuters A 50-basis-point hike this week could send the Dow down 1,000 points, Wharton's Jeremy Siegel said. If the Fed ends its rate hikes and productivity improves, the S&P 500 could jump 10%, Siegel said. The veteran professor flagged signs of US economic weakness and…

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