Tom Lee said in a post on X that he agrees with Mark Zandi’s view that the Federal Reserve does not need to make an immediate choice between two options and can wait. Citing a Goldman Sachs forecast, Lee said the supply shock pushing up core personal consumption expenditures, or core PCE, is currently 1.75 percentage points and is expected to ease by 100 basis points to 0.75 percentage points by early 2027. Under that scenario, core PCE would decline by 100 basis points without additional rate hikes. Lee also said that when markets position for negative news in advance, prices may rise after the event actually arrives.
Tom Lee said in a post on X that he agrees with Mark Zandi’s view that the Federal Reserve does not need to immediately choose between two options and can afford to wait.
Citing a Goldman Sachs forecast, Lee said the supply shock driving core personal consumption expenditures, or core PCE, higher currently stands at 1.75 percentage points. Goldman Sachs expects that figure to ease by 100 basis points to 0.75 percentage points by early 2027. Without additional rate hikes, core PCE would fall by 100 basis points, according to the forecast Lee referenced.
Lee also said that when the market prepares for negative news ahead of time, prices may rise once the event takes place.
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