Jeremy Siegel on Fed: Put rate cuts on hold and will be neutral for a while 'at best'

• Best scenario: A firm deal with Iran could lead to a 1000-point Dow rally and all-time market highs.
• Second scenario: A delay in the Iran deadline due to promising negotiations could result in a relief rally.
• Worst scenario: Significant damage to oil infrastructure from an Iranian response would lead to substantial market downside.
• Fed policy: Given geopolitical developments and increasing fiscal expansion/inflationary pressures, the Fed should put rate cuts on hold and remain neutral for a while.

Jeremy Siegel discusses four potential scenarios for the market based on the evolving situation with Iran, ranging from a firm deal leading to new market highs to a worst-case scenario involving significant damage to oil infrastructure. He suggests that a delay in the Iran deadline or a weak military response from Iran could lead to a relief rally. Siegel also advises the Fed to put rate cuts on hold due to increased fiscal expansion and inflationary pressures.