Tom Lee: The Fed is not expected to increase interest rates or resume quantitative austerity this time

On 29 July, Tom Lee sent a communication on platform X indicating that today's FOMC meeting was expected to maintain interest rates. The team collated comments from 12 voting members since the June meeting, of whom 3 were hawks, 2 were pigeons, and Warsh was neutral. On the other hand, the FOMC meeting may announce a return to QT (quantitative austerity), which is currently at zero a month, which amounts to an invisibility hike without triggering austerity, uncertainty in the new Fed, or a return to market visibility after the announcement. As a result, Tom Lee believes that the post-FOMC stock market may have performed better, especially since AI Bottlenecks such as U.S. Light has fallen from a high of 41 per cent to a forward P/E of 5.372 times below the 10 annual average of 6.524 times, with a significant valuation discount。