Tom Lee is Fundstrat Global Advisors co-founder and head of research. Spoke with CNBC on Monday.He is expecting inflation data from the US due on Friday (PCE) to be cooler.“One print can be uncertain, but I think the forces underway for inflation to fall like a rock are in place”there do not seem to be any new drivers of inflationso it can surprise to the downsideexpects inflation to fall sharply due to a recession in durable goodssaid there is “urgency” for the Federal Reserve to begin cutting interest ratesThe data is due on Friday 25 July at 0830 US Eastern time / 1230 GMT This article was written by Eamonn Sheridan at www.forexlive.com.
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