Peter Schiff: September rate cut is not a done deal, inflation may be higher than expected


economist and cryptocurrency critic Peter Schiff tweeted that the September rate cut is not set in stone, as inflation data released between now and the next Fed meeting may be higher than expected. The fact that the market has risen in anticipation of a rate cut actually makes the possibility of a rate cut lower. Stronger inflation pressures will outweigh the impact of slowing job growth.