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📅 July 3, 7:00 – July 9,
Federal Reserve Could Be Forced To ‘Panic’ Amid Potential Supply Shock Inflation: Fundstrat’s Tom Lee - The Daily Hodl
Fundstrat’s head of research, Tom Lee, says the Federal Reserve may be forced into a rate-cutting phase after overdoing monetary tightening.
In a new interview on CNBC, Lee says he’s watching for a point when the Fed could run into an “accident,” where it waits too long to address a slowing economy.
Lee says he’s anticipating a potential “panic” scenario from the Fed.
“There could be an accident because what we are ignoring is that housing is choking and collapsing under the weight of higher interest rates, and the labor market isn’t as strong as it appears.
When we look at the ability to get a job, it’s much harder. So… there’s long and variable lags, and there could be an accident where the Fed would have to panic, so I think that’s something we have to watch in the incoming data…
I think there could be a point where the Fed suddenly realizes the risks are actually to the downside for the economy weakening, and so the Fed will actually have to respond to an economy that they’re strangulating and really fighting what they believe is a supply shock inflation. So I’m a little concerned that the Fed could be late if they continue to hold.”
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