[Wall Street Strategist Yardeni: Fed rate cuts increase the possibility of stock market "melt-up"] Golden Finance reported that Wall Street strategist Ed Yardeni said that thanks to the Fed's sharp rate cut last week, U.S. stocks are likely to soar to new highs, but if Fed officials do not act cautiously, it may also lead to the reappearance of inflation. The latest policy decision raised the possibility of a "complete melt-up" in stock prices - just like the S&P 500 index soared 220% from 1995 to the end of the last century during the Internet bubble - from 20% to 30%. He believes that the possibility of a bull market is 80%, and the other 20% is similar to the situation in the 1970s, when global stock markets were turbulent due to inflation and geopolitical tensions. However, if the situation starts to get overheated, there will be broader risks. "If they overheat the economy and create a bubble in the stock market, then they will bring some problems," said the founder of Yardeni Research Inc. He added that the Fed is ignoring the upcoming U.S. presidential election, and both candidates have proposed policy ideas that may trigger inflation.