Tom Lee Questions Rush to Hike Rates, Says Inflation Set to Fall Without Fed Intervention

Tom Lee is questioning the rush to hike rates, arguing that inflation is set to fall without Fed intervention. "I don't know if the Fed really needs to accelerate that process," he said.
He also argues the economy can handle a 10-year Treasury yield near 5%. "We were at this level in 2023 and the economy didn't break," he said.