Tom Lee Says August CPI Could Be Catalyst That Takes Fed Hike Off the Table

Tom Lee said the upcoming August CPI print could be the catalyst that takes a Federal Reserve rate hike off the table, with rate-hike odds potentially trending sharply lower.
Fed Governor Chris Waller is reportedly leaning toward holding rates if August CPI shows continued progress on inflation, though a hotter-than-expected print could put a hike back in play. Lee expects hike odds to trend toward zero and sees a soft CPI report as a potential major market catalyst.