Jeremy Siegel, a finance professor at Wharton School of Business, stated that, in his opinion, the Federal Reserve has enough room to cut interest rates this year despite geopolitical tensions in the Middle East and oil price volatility. On CNBC's "Squawk Box," renowned economist and WisdomTree's chief economist Jeremy Siegel assessed the current state of markets and inflation. Siegel specifically highlighted the slowdown in housing and shelter price growth, supported by U.S. energy independence. Siegel remains optimistic that inflation data may come in below expectations. He reminded that the core inflation indicators monitored closely by the Fed are determined by non-energy and non-food goods, emphasizing the slowdown in housing prices, which is of greatest significance. Siegel stated: “The growth of rent has almost stopped nationwide over the past three years, and the Case-Shiller housing price index is at its lowest level in years. This exerts significant downward pressure on inflation.”#MarchCPIDataReleased