Peter Schiff Warns Fed's Rate Cuts Won't Prevent Recession — Issues Warning About Inflation And Unemployment: 'Game Over'
Portfolio Pulse from Benzinga Neuro
Economist Peter Schiff warns that Federal Reserve rate cuts won't prevent a U.S. recession, suggesting the economy is already in one. He predicts rising long-term rates, inflation, and unemployment, indicating a bleak economic outlook.
September 10, 2024 | 5:23 am
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Peter Schiff, a critic of Bitcoin, warns of a U.S. recession despite Fed rate cuts. His negative economic outlook could influence Bitcoin sentiment, as investors may seek alternative assets.
Schiff's warning about the U.S. economy could lead investors to consider Bitcoin as an alternative asset. However, as a known critic of Bitcoin, his views may not directly impact Bitcoin's price but could influence market sentiment.
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