Gold Bull Peter Schiff Says Investors 'About To Learn A Lesson The Hard Way' As Inflation Poised To Rebound Toward 9%
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff warns of a potential rebound in inflation towards 9% due to a weakening US dollar. He suggests that the Federal Reserve's potential reversal of monetary policy tightening could negatively impact the dollar. Schiff also notes that higher interest rates would increase costs for businesses, which would be passed on to consumers. The iShares TIPS Bond ETF (NYSE:TIP), which tracks inflation-protected US Treasury bonds, ended Wednesday's session up 0.51% at $104.24.
November 04, 2023 | 5:39 pm
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The iShares TIPS Bond ETF (NYSE:TIP), which tracks inflation-protected US Treasury bonds, could be impacted by the potential rebound in inflation. The ETF ended Wednesday's session up 0.51% at $104.24.
The iShares TIPS Bond ETF (TIP) tracks inflation-protected US Treasury bonds. If inflation rebounds as Peter Schiff predicts, this could increase the value of the bonds that TIP tracks, potentially leading to an increase in the ETF's price. However, this is dependent on the accuracy of Schiff's prediction and the reaction of the market to potential inflation increases.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80