Peter Schiff: A September Rate Cut Is Not a Foregone Conclusion, Inflation May Exceed Expectations

Economist and cryptocurrency critic Peter Schiff stated: "A rate cut in September is not a certainty, as the inflation data to be released before the next Federal Reserve meeting may come in higher than expected. The market is rising on expectations of a rate cut, but this actually reduces the likelihood of a cut. Stronger inflationary pressures will outweigh the impact of slowing job growth."