Skip to main content

Hello, Log in or Sign up

Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “interest rates“

August 30, 2025 Original Analysis

One Goal, Two Outcomes: Norwegian and Turkish Inflation Targeting Case Study

In a positive turn of events for the Turkish people, yearly inflation reached the lowest it has been in 4 years: 33.5%. This might seem like a laughable accomplishment, but given the turmoil of the Turkish Lira over the past decades, it is a huge positive step. In complete opposition to this, the Norwegian Central […]

August 22, 2025 Interviews

Schiff on Capitalcosm: Central Banks Are Dumping Dollars for Gold

Peter recently joined Danny on the Capitalcosm YouTube channel to lay out a connected story about reserve shifts, rising interest rates, and an overstated economic optimism at the top. He argues that foreign central banks are moving out of U.S. dollars into gold, that America’s record debt is starting to show in higher yields, and […]

August 22, 2025 Original Analysis

Fed Minutes Reveal Governors’ Thought Process Behind July Rate Hold

Three weeks after the Federal Open Market Committee opted to leave its target range unchanged at 4.25%–4.50%, fresh details from the July meeting shed light on why policymakers are growing uneasy even as they stay on hold. Minutes released Wednesday reveal officials wrestling with sticky price pressures, new tariffs, and a cooling labor market—all while […]

August 14, 2025 Original Analysis

Fed’s Barkin Says “Fasten Your Seatbelts” for Bumpy Road

Economic cross-currents, political headwinds, and an elevated gold price framed Federal Reserve Bank of Richmond President Tom Barkin’s August 12 remarks to The Health Management Academy in Chicago. Barkin told the Four Seasons crowd that U.S. real GDP expanded at just 1.2 percent during the first half of 2025, less than half last year’s 2.5 […]

August 9, 2025 Guest Commentaries

The Fed Claims to Be “Data-Driven,” but the Data Is Flawed

As another month of steady interest rates passes by, the Fed’s favorite claim– that the central bank is “data-dependent”– continues to be made. This claim, of course, is not true. The Fed’s actions are dictated by incentives and pressures that favor cheap credit, not objective data. The following article was originally published by the Mises […]

August 6, 2025 Original Analysis

BOJ Flags Trade-War Headwinds, Hints at Rate Hikes

Japan’s central bankers are juggling a stubbornly hot CPI, cooling exports, and a fresh volley of U.S. tariffs—all while investors pile into gold. In its July 30th-31st policy meeting, the Bank of Japan (BOJ) conceded the economy “has recovered moderately,” yet warned that escalating trade friction is set to sap growth “in the near term.” […]

August 6, 2025 Original Analysis

Interest Rates Should Be Higher, Not Lower

Along with Trump, market watchers are salivating for rate cuts. But rates should be higher, not lower—and in a free market, they would be. In a free market, interest rates are determined by the supply and demand for credit. Savers provide capital (supply) while borrowers like businesses, consumers, and governments create demand. Rates would reflect […]

July 31, 2025 Original Analysis

What Trump and Powell’s Tiff Shows About the Core of the Fed

Trump has repeatedly pressured Powell to lower interest rates, thinking that a spiral of Keynesian growth can undo the damage he has wrought with tariffs and one of the most hands on governments economically in recent memory. Let alone the theoretical weakness of Trump’s stands, he is viewing the Fed in an unprecedented yet still […]

July 25, 2025 Guest Commentaries

The Mortgage Rate Myth: Why Cheap Money Won’t Fix Housing Affordability

President Trump’s insistence on lowering interest rates serves only the ever-growing spending state. Lower interest rates may relieve some price pressure in the housing market, but printing money is only going to make things worse in the long run.

July 24, 2025 Original Analysis

Richmond Factory Gauge Falls Off a Cliff

Manufacturing in the Federal Reserve’s Fifth District hit the brakes hard in July, and the yellow metal took notice. The Richmond Fed reported Tuesday that its composite manufacturing index collapsed to –20 from June’s already-weak –8, falling well below the consensus expectation of -2. Shipments, new orders, and employment all sank deeper into negative territory, […]

July 24, 2025 Original Analysis

Fed Governor Waller Urges July Rate Cut

Christopher J. Waller says the central bank should not wait until autumn to ease policy. Speaking to the Money Marketeers of New York University on July 17th, he argued for a 25-basis-point trim to the federal-funds target range “in two weeks.” With growth fizzling, hiring sputtering, and tariffs muddying the inflation picture, Waller believes quick […]