Tom Lee: Warsh's remarks are favorable for an AI trade recovery
- —Fed held rates at 3.75–4.00%, with 10 votes to hold and 2 for a 25 bp hike
- —Warsh said the economy is moving in the right direction but inflation is too high
- —Lee expects the Fed not to slow AI growth, a tailwind for risk assets
- —Governor Lisa Cook doubts AI productivity gains will cool inflation soon
Why it matters: A dovish read on the Fed could support risk assets and crypto, though sticky inflation keeps the risk of a hike alive.
Source: TokenPost