William Lee, Chief Economist and Managing Director at Global Economic Advisors, believes the US Federal Reserve's next move is more likely to be a rate cut than a hike, though he does not expect any action immediately.He argues that the US economy is weaker than headline data suggests, with underlying job creation slowing and inflation pressures largely driven by temporary supply shocks rather than excessive demand.Lee also remains constructive on India despite recent market underperformance. While he continues to favour the US as the most efficient destination for capital, he sees India as one of the strongest emerging-market opportunities and…