Fed QT Resumption Likely as Rate Hike Probability Hits 32%

BitMine chairman Tom Lee predicts Fed may restart quantitative tightening. Rate hike odds stand at 32% despite unchanged expectations, with Micron cited as undervalued.

Woofun AI reports that BitMine chairman Tom Lee stated the Federal Reserve may announce a resumption of quantitative tightening during its July 30 meeting. While markets anticipate an interest rate hold, federal funds futures indicate a 32% probability of a hike. Lee’s analysis of voting officials reveals three hawks, two doves, and Chairman Kevin Warsh maintaining a neutral stance. Lee argues that reduced policy visibility increases the impact of the announcement, potentially benefiting equity markets. He specifically highlighted Micron (MU) as undervalued, noting its 41% decline from peak levels and a P/E ratio of 5.372, well below its long-term average.