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Peter Schiff: Rate cut in September not set in stone, inflation may exceed expectations

Summary: Economist and cryptocurrency critic Peter Schiff tweeted that a rate cut in September is not guaranteed, as inflation data released between now and the next Fed meeting may exceed expectations. The fact that the market has risen in anticipation of a rate cut actually lowers the likelihood of a cut. Stronger inflation pressures may outweigh ...

Economist and cryptocurrency critic Peter Schiff tweeted that a rate cut in September is not guaranteed, as inflation data released between now and the next Fed meeting may exceed expectations. The fact that the market has risen in anticipation of a rate cut actually lowers the likelihood of a cut. Stronger inflation pressures may outweigh the impact of slowing job growth.

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