Wall Street Strategist: the Fed Should Not Cut Interest Rates This Week, Otherwise It May Trigger...

BlockBeats news, on December 17, Ed Yardeni, a Wall Street strategist and president of Yardeni Research, said that the Federal Reserve is widely expected to cut interest rates by 25 basis points this week, but this may be a bad idea.

In an interview with CNBC, Yardeni said U.S. policymakers should keep interest rates on hold and assess economic conditions at the upcoming FOMC meeting. “In my opinion, everything indicates that interest rates are where they should be,” the Fed said, adding that by cutting interest rates now, the Fed is risking a meltdown in the market, which could lead to a “vicious adjustment.” (Golden Ten)

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