Schiff Claims Fed Lost Inflation Battle, Debates Bitcoin vs Gold
Peter Schiff argues the bond market broke in 2020 and the Fed has lost the inflation fight, while debating Bitcoin's value against gold.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Peter Schiff argues the bond market broke in 2020 and the Fed has lost the inflation fight, while debating Bitcoin's value against gold.
New Zealand's Q2 GDP expected near zero; RBNZ likely to delay rate decision until December unless data surprises.
Jamie Dimon warned of a $10 trillion small-business ownership risk; Mark Zandi cautioned the Fed could make a serious policy mistake.
Thursday's Asia calendar is quiet; NZ GDP is the key data point. The failed clarity bill and Fed hike were both widely expected.
Bitcoin's price swung after the Fed raised rates for the first time since 2023, eventually settling near $75,813.
Federal Reserve hikes rates for first time in three years; dollar rises.
The Fed decision strengthened the dollar and lifted short-term Treasury yields; the Dow turned negative but technology stocks held their gains.
Fed hikes rate to 4%; 16 of 18 officials see further increase. Bitcoin spiked then fell, gold sold off after the decision.
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
The Federal Reserve raised rates by 25 basis points to 3.75-4%, citing resilient spending and strong productivity, aiming for price stability.
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
The Atlanta Fed GDPNow model raised its Q3 growth estimate to 5.1% from 4.4% as consumer and government spending forecasts increased.
Fed Chair Warsh faces his first major credibility test as markets see a 91% rate hike chance, with potential political and market fallout.