Tom Lee: It is expected that the core PCE will be biased in August or ease the hawkish tone of the FOMC will be good for the stock market

On September 30, according to Tom Lee, co-founder of Fundstrat, he expected to release the core PCE data of the United States for August on Wednesday (September 30) was biased (moderate), and New York Fed President Williams also held this expectation; Therefore, the FOMC is expected to regain its previous hawkish tone, which will be good for the stock market. Tom Lee called this a contrarian view, reminding the market that previous concerns about the Fed's tightening were excessive.