Peter's Blog

January CPI Throws Cold Water on “Disinflation” Narrative

After the December Consumer Price Index (CPI) report, the mainstream was giddy. “Inflation is over!” they proclaimed. “The Fed is winning the inflation fight!” they cried. “We are entering a period of disinflation!” they insisted. Well, the January CPI report threw cold water on that disinflation narrative.

Peter Schiff: Easing Price Inflation Is Transitory

Last week, the Producer Price Index data finally showed some cooling of wholesale prices. That coupled with better-than-expected CPI data further buoyed hope that the Fed is winning the war on inflation. But in his podcast, Peter Schiff emphasized that easing inflation is transitory. And a weakening dollar will be a big part of the […]

CPI: Saved by Falling Energy Prices

The CPI cooled again in December driven by a massive fall in Energy prices. As shown below, the fall in Energy has been a big reason for the recent drop in inflation. Commodities have also been a driver down as Used Cars and Trucks fell -2.5% MoM and -8.8% YoY. That said, stickier items like […]

Is “Cooling” CPI Transitory? SchiffGold Friday Gold Wrap Jan. 13, 2023

The headline numbers from December’s CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that “cooling” price inflation is most likely transitory and the markets still don’t really understand the Fed’s position. […]

Is “Cooling” CPI Setting the Stage for More Inflation?

Based on the headline numbers, price inflation cooled again in December, boosting market optimism that the Federal Reserve will continue to ease off the pedal on its monetary tightening. But this could be setting the stage for more price inflation down the road. And a deeper look at the data reveals that a lot of […]

Peter Schiff: The Fed Is Still Completely Oblivious

Last week, CPI data came in cooler than expected but Jerome Powell’s rhetoric remained hot. The Federal Reserve raised rates by 50 basis points and the Fed chair maintained a hawkish tone. Peter talked about the CPI data and the Fed meeting in his podcast. He said the bottom line is the Fed is still […]

Keep Your Eye on the Ball: SchiffGold Friday Gold Wrap Dec. 16, 2022

It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it’s important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data […]

CPI: History Suggests the Inflation Fight Might Just be Starting

Before digging into history, let’s look at the recent data. The latest seasonally adjusted inflation rate for November came in at 0.08%. The YoY rate was 7.17%, below median forecast of 7.3%.

President Biden Misrepresenting Wage Gains

President Joe Biden claims wages are rising faster than prices. It might be unfair to say he’s lying, but he’s certainly misrepresenting the facts. The fact is price inflation continues to eat away at your wages.

CPI Cools But Inflation Far From Whipped

The Federal Reserve got just the news it needed to plausibly go forward with a soft pivot in its monetary policy and begin to slow its pace of rate hikes. But while price inflation appears to be retreating, it’s far from beat. The Consumer Price Index (CPI) for November came in lower than expected, according […]