(CNBC) Nobel-prize winning economist Robert Shiller sees justification for a quarter-point interest rate hike.
That’s right: A hike — not the cut Wall Street is expecting Wednesday from the Federal Reserve.
“We still have a very low unemployment rate. The economy is hot,” the Yale University professor told CNBC’s “Trading Nation ” on Monday. “One could easily make a case for staying the course and doing another interest rate increase at this meeting to cool this economy.”