Bond market may force the Fed to turn hawkish again: Ed Yardeni

Ed Yardeni, President of Yardeni Research expects short-term volatility in global equities as bond markets react to inflation and geopolitics, but says strong AI-led earnings growth and upcoming mega IPOs could continue driving the next leg of the market rally. Rising global bond yields and persistent inflation pressures are forcing central banks, especially the US Federal Reserve, to rethink their easing stance, according to Ed Yardeni, President of Yardeni Research. Yardeni believes the bond market is effectively pushing the Fed toward a tightening bias, with the possibility of a rate hike as early as July if inflation concerns continue to…