FeaturesPeter Schiff: September rate cut is not a done deal, inflation may be higher than expected
According to a report by Bijie.com, economist and cryptocurrency critic Peter Schiff tweeted that a September rate cut isn't a sure thing, as inflation data released between now and the next Federal Reserve meeting could be higher than expected. The fact that the market has rallied on expectations of a rate cut actually makes a cut less likely. Stronger inflationary pressures will outweigh the impact of slower job growth.