Yardeni Research Founder Ed Yardeni Talks S&P Outlook, Fed & Oil Prices

Ed Yardeni, Yardeni Research Founder and President, talks about why he's slashing his year-end forecast for the S&P 500 Index to 7,900 from 8,400. He also says the Federal Reserve could raise interest rates two more times this year. Yardeni says Iran is likely to wreak havoc and keep oil prices elevated. He spoke to Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern.

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