Corporate greed is pushing prices up even as the main drivers of inflation keep falling, Fundstrat's Tom Lee says

Mon, 03/04/2024 - 10:28

Tech Insider

Economy

• Corporate greed drove inflation higher in January, according to Fundstrat's Tom Lee.
• But inflation as a whole is dropping, 
• Lee sees the S&P 500 hitting 5,500 by the end of this year, a 16% gain for the full year. 

Corporate greed is the reason why inflation was hotter than expected to start the year, according to Fundstrat's head of research Tom Lee.

Tags

Markets, economy, mi-exclusive, us-economic-outlook, Inflation, greedflation, stock-market, Prices, consumer-prices, CPI, FundStrat, tom-lee

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Corporate greed is pushing prices up even as the main drivers of inflation keep…