Gold Bull Peter Schiff Thinks We Should Brace For Double-Digit Inflation Rate Because Fed's Powell 'Can't Walk The Talk'
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff warns of rising inflation, criticizing the Federal Reserve and Chair Jerome Powell for ineffective measures. Schiff predicts inflation could reach double digits, diverging from the Fed's 2% target. The February inflation report showed an increase, and Schiff highlighted the federal budget deficit's growth. Despite these concerns, the iShares TIPS Bond ETF (TIP) experienced a slight decline.
March 13, 2024 | 7:52 am
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The iShares TIPS Bond ETF (TIP) saw a slight decline amid rising inflation concerns and criticism of the Federal Reserve's handling of the situation.
The iShares TIPS Bond ETF (TIP), which tracks inflation-protected U.S. Treasury bonds, experienced a decline, likely influenced by the broader market's reaction to rising inflation concerns and skepticism about the Federal Reserve's ability to control inflation effectively. Given TIP's focus on inflation protection, its performance is closely tied to inflation expectations and the Fed's policy actions.
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IMPORTANCE 70
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