Peter Schiff: September Rate Cut Not a Done Deal, 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 because the inflation data released between now and the next Fed meeting may come in higher than expected. The fact that the market has risen in anticipation of a rate cut actually reduces the likelihood of a cut. Stronger inflation pressures will outweigh the impact of slowing job growth."