'It's all clear' on inflation, and the Fed could cut rates as soon as March, Wharton professor Jeremy Siegel says

• The Fed's battle against high inflation is just about over, according to Jeremy Siegel.
• He predicted central bankers could begin cutting interest rates as soon as March.
• The Wharton professor thinks the US could risk a recession if the Fed doesn't dial back interest rates soon.

The battle against high inflation is just about over, and that could give the Federal Reserve the green light to soon start cutting interest rates soon, according to Wharton professor Jeremy Siegel.

He pointed to the recent drop in inflation, with consumer prices increasing just 3.2% year over year in October, down from the 3.7% pace in September.