Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the Federal Reserve can get inflation under control and bring the economy to a soft landing. But Peter Schiff argues that the central bank can’t win this fight – at least not without crashing the economy. Since the Fed isn’t willing to do that, it won’t go all-in.
In effect, the Fed brought a knife to an inflation gunfight. Even with CPI numbers coming in higher than anticipated, the stock market held up pretty well last week. Some of…Are Investors Too Relaxed About Hot CPI Data?
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