BlockBeats news, December 17, Wall Street strategist and president of research firm Yardeni Research, Ed Yardeni, stated that the market widely expects the Federal Reserve to cut interest rates by 25 basis points this week, but this may be a bad idea.
In an interview with CNBC, Yardeni stated that U.S. policymakers should maintain interest rates at the upcoming FOMC meeting and assess the economic situation. 'In my view, everything indicates that interest rates are at the appropriate level,' he said, adding that cutting rates now poses the risk of a market bubble, which could lead to a 'vicious adjustment.' (Jinshi)
