Peter Schiff: The Fed’s Hike is a Bluff - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The Fed hiked 25 basis points while the 10-year yield sits at 5.01% and the deficit is running at $1.4 trillion through June. Schiff is right — the Fed isn't driving this bus, the bond market is. One more hike won't touch 5.44% PPI inflation; it just makes the debt service impossible to sustain.
Today's Digest covers energy markets, Iran's reopening offer, UK warnings of Russian threats, mRNA shedding, FISA withholding, Microsoft buyouts, an AI-flawed court ruling, recruiting immigrant teachers, UK educational outcomes for whites, and advice to start prepping.
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