Peter Schiff: Don’t Buy the Fed’s Tough Talk on Tight Money - TradingView
Peter Schiff: Don’t Buy the Fed’s Tough Talk on Tight Money - TradingView
Source: TradingView
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DW NOTE
The Fed is pricing in a 25bp hike tomorrow while headline PPI runs at 5.5% and the Strait of Hormuz enters month three of a closure that has cut 6% of global oil supply. Schiff may overstate monetary chaos as a rule, but calling the current stance "tight" requires ignoring both the deficit—$1.4 trillion through June—and the fact that real rates remain negative against producer inflation.