Tom Lee, managing partner and head of research at Fundstrat Global Advisors told CNBC’s “Squawk Box” that the Federal Reserve’s reliance on economic data to make interest-rate decisions may end up hurting the U.S. economy.
The number of Americans who applied for unemployment benefits in the week before the Thanksgiving holiday dipped to a seven-month low in a sign of strength for a steadily expanding U.S. economy.