‘Big Short’ investor Steve Eisman says if the Fed is scared to raise rates, you should be scared
Steve Eisman of "The Big Short" fame said if the spreading banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that. "Fifty basis points is off the table. So either they're going to do 25 basis points or they're going to do nothing," Eisman said on CNBC's " Fast Money " Wednesday evening.
Eisman, senior portfolio manager at Neuberger Berman, said the central bank is caught in a difficult position because if it does raise rates next week, it risks adding more pressure to the already tight financial conditions. "On the other hand, if the Fed raises rates, even in the face of this... that's like, wait a minute, you've sort of caught between a rock and a hard place," the investor said. "Financial conditions are really tightened, but you still have inflation.
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