Peter's Blog

U.S. consumers perked up a bit in February, but the mood is hardly euphoric. The Conference Board’s Consumer Confidence Index rose 2.2 points to 91.2, recouping only a slice of January’s slide. Households feel slightly less threatened by recession, yet they remain uneasy about paychecks, persistent inflation, and a job market that looks sturdy on […]

Federal Reserve Chair Jerome Powell told the House Financial Services Committee on Tuesday that the central bank is in no rush to move interest rates, even as fresh tariffs cloud the outlook and inflation remains sticky. “For the time being, we are well positioned to wait to learn more about the likely course of the […]

Delivering his final public remarks as President and CEO of the Philadelphia Federal Reserve on yesterday, Patrick T. Harker urged caution regarding inflation, tariff policies, and rising national debt, highlighting enduring challenges to U.S. economic stability. The speech occurred at the Philadelphia Fed, marking the culmination of Harker’s tenure before his scheduled retirement at month-end. […]

U.S. consumer confidence suffered a sharp blow yesterday, plummeting 7.2 points to 92.9, according to the latest data from the Conference Board Consumer Confidence Index. Alarmingly, the Expectations Index, which measures consumers’ short-term outlook on the economy, tumbled to 65.2—its lowest level in 12 years—breaking well below the critical 80-point threshold that traditionally signals an […]

U.S. consumers are bracing for higher prices over the next 12 months, according to the University of Michigan’s latest survey. One-year inflation expectations jumped to 3.3% in January, up significantly from 2.8% in December. This is the steepest increase since May and pushes the short-term outlook above the 2.3%-3.0% range seen in the two years […]

In the latest episode of the Peter Schiff Show, Peter dives into the latest on the U.S. economy and presidential race. He highlights the continued surge in Donald Trump’s polling numbers amid economic troubles, pointing to low job openings and increased consumer confidence as signs that Americans expect change. He also critiques the U.S. dependence […]

In this episode, Peter addresses another batch of economic data, its impact on the precious metals market, and inherent weakness in the economy. The political and media class wants Americans to think the economy is in good shape, but as Peter will explain, that claim doesn’t pass the sniff test. 

The US economy is struggling with rising unemployment, inflation, and declining purchasing power, fueling discontent among Americans. A critical choice looms: continue on the current path or shift to pro-growth policies.

The recent CPI report showed that inflation is, according to official data, cooling down — so why are consumers more worried for the future than they’ve been in months? If prices are coming down, shouldn’t that fuel higher confidence and a greater collective sense of economic well-being? One simple answer is that the official data […]

This week on the Peter Schiff Show, Peter covers a week of dismal economic reports. Both jobless claims and consumer sentiment came in worse than expected last week, with both figures missing predictions by a wide margin. Peter also discusses public statements made by both Joe Biden and Donald Trump on the nature and origin of inflation.