Ed Yardeni's Fed Bombshell: Rate Hike Coming In July

Veteran strategist Ed Yardeni predicts the Federal Reserve could raise interest rates as soon as July 29, 2026, a contrarian call with only ~5% market probability. Yardeni cites resilient economic conditions, strong labor market, and rising inflation driven by oil prices near $90/barrel due to geopolitical tensions. Despite forecasting a rate hike, Yardeni remains bullish on stocks, projecting the S&P 500 to reach 8,250 by year-end, citing strong earnings momentum.