Tom Lee said in a post on X that Federal Reserve official Williams expects the August core PCE data, due on Sept. 30, to come in on the dovish side. Based on that expectation, Lee said the Federal Open Market Committee, or FOMC, may tone down its hawkish stance. He added that such a shift would be positive for the stock market. The remarks were cited by Odaily in a brief news update.
Tom Lee said in a post on X that Federal Reserve official Williams expects the August core Personal Consumption Expenditures, or core PCE, data due on Sept. 30 to be dovish.
Based on that view, Lee said the Federal Open Market Committee may soften its hawkish stance, which he said would be positive for the stock market.
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