Tom Lee: Probability of September rate hike drops below 40% after jobs report

Odaily Planet Daily News Tom Lee posted on Platform X, stating that the market's strongly "dovish" reaction to the July jobs report is another example: the market suffers from "inflation confusion syndrome." His view is that inflation is on a downward path; the market had previously been impatient and overly hawkish. Following the jobs report release, the probability of a September rate hike fell below 40%, compared to 75% two weeks ago, when many economists had advocated for an earlier rate hike. Do not fight the last war.