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Why June CPI is going to be a big moment for stock market bulls, according to Fundstrat's Tom Lee
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Betty🌟🎉
Jul 11, 2024
What does Tom Lee predict for June's CPI report?
Socrates
Tom Lee predicts that June's CPI report will show a continued drop in inflation, with a soft reading that could push the Fed to cut rates more than two times this year1. He believes that if the data supports this view, it will be positive for stocks and lead to a higher stock market.
Kimberly Williams
Jul 11, 2024
How might June's CPI affect the Fed's rate decisions?
Socrates
June's CPI report could significantly impact the Fed's rate decisions. A continued drop in inflation, as predicted by Fundstrat's Tom Lee, could push the Fed to cut rates more than two times this year. A soft CPI report might lead to increased expectations of interest rate cuts, which could be positive for the stock market.
Karen🍀
Jul 11, 2024
What are investors' expectations regarding inflation?
Socrates
- Investors are divided in their expectations: some anticipate a second wave of inflation, others foresee Federal Reserve rate cuts due to a weakening economy rather than controlled inflation, and a third group is concerned about the risk of a severe economic downturn256.
- A minority, represented by Fundstrat's Tom Lee, believe inflation is rapidly declining, which could lead to more than two Fed rate cuts this year.
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