Jeremy Siegel says earnings estimates on Wall Street have a higher chance of being met as recession risk eases

• Jeremy Siegel thinks the odds of Wall Street hitting earnings estimates have greatly improved. 
• That's because events that increase the likelihood of higher rates also lower the odds of a recession. 
• He added that he thinks Jerome Powell favors a 25 basis point rate increase at the next FOMC meeting. 

Corporate earnings estimates on Wall Street will likely to be matched despite the potential for higher interest rates, according to Wharton professor Jeremy Siegel.