Voters and Investors Keep Getting It Wrong – Ep 854
The Peter Schiff Show Podcast
00:00
The Fed Is Making Progress on Inflation
The markets reacted to such an insignificant consumer price index is because investors are confident that despite the insignificance of this progress the fed could use it as an excuse to continue the soft pivot. The Fed will claim falsely but it will claim that it is making progress on inflation and the markets will accept that they're not going to question that excuse. If this report had come out hotter than expected then there would have been no way the fed could have dialed anything back and the markets would have tanked. It's ultimately going to do a hard pivot even as the inflation rate accelerates and makes new highs because the recession that we are already in is going to get much worse.
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