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[Wall Street Strategist: The Fed Should Not Cut Interest Rates This Week, Otherwise It May Trigger A Market Bubble] Ed Yardeni, A Wall Street Strategist And President Of Yardeni Research, Said That The Fed Is Widely Expected To Cut Interest Rates By 25 Basis Points This Week, But This May Be A Bad Idea. Although The Market Generally Expects That The Rate Cuts Will Be Reduced Thereafter, Yardeni Said That Strong Recent Economic Data, Coupled With Growing GDP And A Solid Labor Market, As Well As Record Highs In Stocks, Gold And Bitcoin, Indicate That Continuing To Cut Interest Rates May Not Be The Best Decision. He Pointed Out That Inflation Is Still Above The Fed's 2% Target. Although The Fed Hinted That It May Pause The Rate Cut Cycle In January Next Year, Yardeni Believes That This Action May Come Too Late
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