[Tom Lee: The Fed is expected not to raise rates this time, may resume quantitative tightening] BlockBeats News, July 29, Tom Lee posted on the X platform stating that today's FOMC meeting is expected to keep interest rates unchanged. The team has compiled the positions of the 12 voting members since the June meeting, with 3 leaning hawkish, 2 leaning dovish, and Warsh holding a neutral stance. On the other hand, the FOMC meeting could announce the resumption of QT (quantitative tightening), as the current monthly balance sheet reduction pace is zero. This move would be equivalent to an implicit rate hike without initiating a tightening policy. The uncertainty of the new Fed may restore market visibility after the statement. As a result, Tom Lee believes the stock market may perform better after the FOMC meeting, especially AI bottleneck stocks like Micron, which have fallen 41% from their peak. The forward P/E has dropped to 5.372x, below the 10-year average of 6.524x, indicating a significant valuation discount. [Original link]