Rosenberg: One Fed Hike Isn't the Mistake, Five Would Be — SkimNews
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- David Rosenberg argued that a single Fed rate hike isn't the mistake, but five hikes would be
- Moody's Mark Zandi warned of a 'serious' mistake if the Fed hikes rates, and a BlackRock strategist also opposes a hike, even as Wall Street expects a quarter-point increase
Why it matters: Wall Street is pricing in a quarter-point Fed increase while multiple named economists and strategists publicly call the move a mistake, putting the Federal Reserve at odds with a growing chorus of expert warnings ahead of its decision.
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