Wall Street strategist: Fed should not cut rates this week or it could spark a market bubble
The news from Mars Finance states that on December 17, Wall Street strategist and Yardeni Research president Ed Yardeni said that the general expectation is that the Federal Reserve will cut interest rates by 25 basis points this week, but this may be a bad idea.
Yardeni said in an interview with CNBC that US policymakers should keep interest rates unchanged and assess the economic situation at the upcoming FOMC meeting. "In my view, everything indicates that interest rates are at the appropriate level," the Federal Reserve cutting rates now risks "a malignant adjustment" in the market.
