Markets Push Back the Powell Pivot – Ep 835
The Peter Schiff Show Podcast
00:00
Inflation in the U.K.
Oil price s which actually fell on the week. A barrel of oil was down about a buck 65. That's only a one point eight % drop. And that's certainly going to compound the inflation problems all over europe as well. The headline c p i for july rose a greater than expected, point six%. They were expecting an increase of point four but that pushed the year over your increas into double digit territory and sent some shock waves throughout the markets. To get a look at a major economy like the u k with double digit inflation. Now i wouldn't put it past the brits to be fudging these numbers as well. So everybody probably has bigger increases in
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