Yardeni on Cutting His S&P Outlook, Fed, Oil Prices
Ed Yardeni lowered his year-end S&P 500 forecast from 8,400 to 7,900. He stated the Federal Reserve could raise interest rates two more times this year. Additionally, Yardeni warned that geopolitical actions from Iran will likely keep oil prices elevated.
Ed Yardeni, one of the biggest stock bulls on Wall Street, talks about why he's slashing his year-end forecast for the S&P 500 Index to 7,900 from 8,400. He also says the Federal Reserve could raise interest rates two more times this year. Yardeni says Iran is likely to wreak havoc and keep oil prices elevated. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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