The Fed's Inflation Report Sets Up for the Next Two Months

Markets were up 400 at one point of the Dow, but we came down. Tom Lee: This was a very good inflation report because it's setting up for the next two months to see inflation slow even further. Lee: I think rate cuts are definitely coming next year. He says 4% is actually a decent level for the stock market and should be closer to 20 times its 10-year PE.