Odaily Planet Daily News: Fundstrat co-founder Tom Lee said that although the market is still pricing in two more interest rate cuts from the Federal Reserve this year, only one rate cut is not necessarily a bearish signal.

Lee said that if the Fed decides to implement only one rate cut before the end of 2025, "the market will interpret this move positively because they prefer to see the central bank cut interest rates when the economy is strong rather than weak." Market participants have slightly lowered their expectations for quarterly rate cuts from the Federal Reserve due to lower-than-expected initial jobless claims released on Thursday.

Lee added: "We know the Fed was lagging in easing policy due to estimated housing inflation, but the reality is they should have started cutting rates sooner... so we have to be cautious. When the Fed discusses this estimated effect, it doesn't mean we need to start a new rate hike cycle just because there's a lag in the data. I think that's why the market is seeing through it."

(Golden Ten)