Fed Rate Hike Expected in July: Ed Yardeni

In a recent interview, Ed Yardeni, president of Yardeni Research, expressed his expectation for an interest rate hike by the Federal Reserve in July, despite maintaining his bullish outlook for the S&P 500 index to reach 8250 by the end of the year. Yardeni, known for his bullish stance, believes the Fed should follow the market's lead, as indicated by the 2-year Treasury yield, which is currently higher than the federal funds rate. He also discussed the potential impact of inflation and geopolitical tensions on the market, particularly the situation in the Middle East involving Iran and the potential for military action.