The Federal Reserve left its benchmark interest rate unchanged at 5.25%--but left the door open for increases--if inflation persists. CNBC's Erin Burnett had two investment strategists, Bob Doll and Charles Reinhard, on “Street Signs” today. Both men gave their post-Fed meeting predictions for 2007.
Reinhard’s the director of portfolio strategy at Lehman Brothers Asset Management. He’s predicting a 14,000 Dow and 1,600 S&P for next year – as long as the Fed holds on rate changes or makes a cut.