Peter Schiff: September Rate Cut Not Set in Stone, Inflation May Be Higher Than Expected

BlockBeats News, August 5th, Economist and cryptocurrency critic Peter Schiff tweeted, stating, "A September rate cut is by no means a done deal as inflation data released between now and the next Fed meeting may be higher than expected. The fact that the market has risen in anticipation of a rate cut actually makes the likelihood of a cut lower. Stronger inflation pressure will outweigh the impact of slowing job growth."