Tom Lee On Why Fed's Holding Back While Europe Eases Aggressively: 'That's The Upside Opportunity Into Year End'

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Tom Lee, the head of research at Fundstrat Global Advisors, highlighted a crucial factor that could explain why the European Central Bank (ECB) has been able to cut interest rates while the U.S. Federal Reserve (Fed) has not.

What Happened: In a Monday interview with CNBC, Tom Lee explained that the European Central Bank's decision to cut interest rates stems from how it calculates core inflation—excluding housing costs.