Yardeni Says Fed May Need to Raise Rates Three Times

• Yardeni expects the Fed to raise interest rates at least once, possibly two or three more times, to tackle inflation.
• He views current interest rates (e.g., 4-5% 10-year Treasury yield) as 'normal' and indicative of a healthy economy, contrasting them with the 'abnormal' low rates post-Great Financial Crisis.
• He maintains a bullish outlook, stating that the market will continue to defy bears due to the economy's resilience and strong labor market (4.3% unemployment).

Edward Yardeni discusses the Federal Reserve's interest rate policy, stating that the Fed may need to raise rates up to three more times to address inflation. He emphasizes the resilience of the economy and the labor market, viewing current interest rates as a return to 'normal' and a sign of economic health, rather than an abnormal 'higher for longer' scenario. He believes the market will continue to defy bearish predictions.