Tom Lee questions Fed's need for rate hikes, suggests potential market rebound

Tom Lee, Chairman of Bitmine, expressed agreement with economist Mark Zandi that the Federal Reserve does not need to raise interest rates. Lee noted that supply shocks currently driving core PCE are expected to dissipate by 100 basis points by early 2027. He argued that if core PCE is set to decline naturally, further rate hikes are unnecessary, and markets may rebound once the event concludes.