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Wall Street strategist Yardeni: Fed rate cuts raise the possibility of stock market "melt"

Wall Street strategist Ed Yardeni said that US stocks could soar to new highs thanks to the Federal Reserve's sharp interest rate cut last week, but could also lead to a return to inflation if Fed officials are not careful. The latest policy decision raises the probability of a "complete meltdown" in stock prices - like the S & P 500's 220% surge from 1995 to the end of the last century during the dotcom bubble - from 20% to 30%. He believes...

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2024-09-23 21:00:11
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