Peter's Blog

The Fed Hikes Rates to Highest Level Since 2007; That’s a Big Problem

As expected, the Federal Reserve raised interest rates by 50 basis points at the December Federal Open Market Committee (FOMC) meeting. That pushed the federal funds rate to 4.5%. The last time rates were this high was in 2007. That’s bad news for an economy addicted to easy money. While the pace of rate hikes […]

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 […]

Why Are the Markets Obsessed With a Fed Pivot?

Will the Federal Reserve pivot? That’s the question on everybody’s mind. But why does it matter so much?

US Government Runs Another Massive Budget Deficit; This Is Bad News for the Fed Inflation Fight

The US government ran a massive $248.5 billion deficit in November, according to the latest Monthly Treasury Statement. There was only one month in fiscal 2022 with a bigger budget shortfall. This is bad news for the Federal Reserve as it tries to raise interest rates and shrink its balance sheet to fight price inflation.

Peter Schiff and Megyn Kelly: The Biden Economy Is a Mess

President Joe Biden said Americans are becoming more optimistic about the economy. He said that’s part of the “broad story about the economy we’re building that works for everyone.” Peter Schiff has a different take on the economy. He recently appeared on The Megyn Kelly Show to talk about it.

Lies and Statistics: SchiffGold Friday Gold Wrap Podcast Dec. 9, 2022

Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don’t add up and explains why the labor market might not be as awesome […]

Peter Schiff: The Markets Are Worried About the Wrong Fed Mistake

Stocks have struggled in recent days due to some better-than-expected economic data and more hawkish talk from Fed officials. This has revived fears that the Federal Reserve could make a mistake and raise rates too high and keep them there too long, sparking a recession. In his podcast, Peter Schiff said the markets are worried […]

Peter Schiff: The FTX Debacle Was Ultimately the Federal Reserve’s Fault

Beyond allegations of mismanagement and outright fraud, the collapse of the FTX cryptocurrency exchange reveals a more fundamental problem — the power of speculative manias fueled by central-bank easy money. Peter Schiff recently appeared on NTD Capital Report to talk about the collapse of FTX, saying ultimately it was the Federal Reserve’s fault. And it […]

Peter Schiff: You Think Inflation Is Bad Now? Wait Until Next Year!

Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy, energy prices, and inflation. Peter said if you think inflation was bad this year, wait until next year with a much weaker dollar.

Peter Schiff: A Currency Crisis Will Fuel the Inflationary Fire

According to the Democrats and many mainstream pundits, the US economy is “resilient.” As Laura Ingraham put it, “it’s all peaches and cream according to Joe and his team.” But what’s the truth? Peter Schiff painted a less rosy picture during his appearance on The Ingraham Angle, saying the coming currency crisis is going to […]