Analyst Predicts Over 3 Rate Cuts This Year Despite Hawkish Fed, Calling Inflation a 'Statistical Aberration'
- Analyst Tom Lee predicts over 3 rate cuts this year despite Fed Chair Powell's hawkish stance, calling recent inflation spike a "statistical aberration"
- Lee attributes fading hopes of rate cuts to distorted inflation data in Jan/Feb due to poor seasonal adjustments
- Anticipates March US inflation report on April 10 to show falling inflation, strengthening case for rate cuts
- Hedge fund manager Steve Cohen skeptical of Fed's ability to hit 2% inflation target amid "under-employment"
- David Einhorn predicts fewer cuts than expected or even no cuts this year due to potential inflation reacceleration