Fed rate hikes appear off table despite rising inflation, Peter Schiff warns

Fed rate hikes appear off table despite rising inflation, Peter Schiff warns
Fed to hold rates as inflation grows

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, argues that a weak U.S. labor market, significant and increasing federal debt, and the goal of preventing Japan from selling Treasuries will keep the Federal Reserve from raising interest rates, even if annual CPI gains rise well above 2%.

He suggests that this stance could allow inflation to become a much bigger issue and encourages holding gold.

Schiff has previously warned that the bond market is breaking down and that stocks, housing, and crypto could be impacted next, according to his recent statements in past coverage. He also highlighted gold’s rise above $3,250 after a weak U.S. jobs report in July, citing the labor market as a key factor in the rally in another recent article. These views reflect his ongoing focus on inflation and market risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.