Wall Street strategists: The probability of a market crash has been raised to 35%, and the Federal Reserve may face the dual risks of rising inflation and unemployment

According to Jinshi News, Wall Street veteran strategist Ed Yardeni stated that as the war in Iran escalates and impacts global markets, the risk of a significant sell-off in the U.S. stock market is increasing. He has raised the probability of a market crash from 20% to 35%, while significantly lowering the likelihood of a market rally from 20% to just 5%.

Yardeni pointed out that the U.S. economy and stock market are caught in the quagmire of Iran, and if the oil shock continues, the Federal Reserve will face the dual risks of rising inflation and unemployment.