Despite Federal Reserve Chair Jerome Powell's hawkish stance on interest rates, bullish analyst Tom Lee predicts over three rate cuts in 2024, citing recent inflation spikes as statistical aberrations. Lee points to the significant drop in March consumer price inflation in Europe and anticipates the U.S. March inflation report to further support his prediction. Contrasting views from Steve Cohen and David Einhorn highlight the uncertainty around the Fed's rate path. The SPDR S&P 500 ETF Trust and the iShares TIPS Bond ETF are mentioned in the context of market reactions to interest rate expectations.