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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, argues that while the Iran war is contributing to rising costs and the broader affordability crisis, tariffs and the Big Beautiful Bill have also played significant roles.
He emphasizes that the Big Beautiful Bill has a more enduring effect than tariffs, adding that its consequences will persist even after tariffs are repealed.
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Schiff has recently highlighted the U.S. 10-year Treasury yield reaching 4.96 percent, marking its highest level in 19 years in previous comments. He also warned as yields climbed above 5.08 percent, citing concerns about rising inflation in another update (link). These observations come as persistent inflation continues to impact markets.