Tom Lee Predicts September Market Upswing Amid Fed Rate Cuts

According to BlockBeats, BitMine Chairman Tom Lee expressed in a Macro Minute video that despite widespread market concerns over potential declines in September due to seasonal factors and a possible rise in the VIX, the best course of action would be for the Federal Reserve to maintain its current stance and begin cutting interest rates in September. This move is expected to benefit the stock market. Throughout this year, the Federal Reserve has largely refrained from raising interest rates. It is anticipated that the Fed will start reducing rates in September, similar to the scenarios in 1998 and 2024 source: https://www.binance.com/en/square/post/29231418947297?utm_source=BinanceNewsRSS