Is the Fed Losing Control of the Narrative? – Ep. 339

Is the Fed Losing Control of the Narrative? – Ep. 339

Fed Surprised No OneToday, the Federal Reserve surprised nobody. They raised interest rates by 25 basis points; the 6th rate hike since the Fed began, in December of 2015. The rate is now between 1.5% and 1.75%, so the midpoint of that is around 1.635. So we're still significantly below 2%, but I guess we're closer to 2% than 1% and obviously, we're a lot higher than zero which is where rates stood during most of the Obama Administration.The Fed Already Broke ItAs I said in my last podcast, everybody was convinced the Fed was going to raise rates, which is probably the reason they did it. The Fed doesn't want to upset the apple cart; the Fed does not want to concern anybody; if anything seems to be going well, "If it ain't broke, don't fix it." Of course, the Fed already broke it although the Fed does not understand that.Fed Looking All the Way out to 2020In fact what the market was looking for was an indication of whether or not the Fed was going to hike 3 times this year, or would they hike 4 times. I still don't think they know, although the consensus seems to be that as a result of today's statement and press conference, we're going to get 3 rate hikes this year, which means 2 more, not 3 more, but it's still not a done deal. But the Fed seems to be even more optimistic ab0ut the economy going forward, so the Fed is predicting 3 more rate hikes in 2019 and then more rate hikes in 2020. So the Fed is looking all the way out to 2020, saying the economy is going to be great, and we're going to keep on raising rates.Fed's Optimism Waxes as Economic Reality WanesIn fact, the Fed seemed more optimistic about the U.S. economy then they were in the past, which, to me, is all politics. Powell is up there, trying to talk up the U.S. economy because that's exactly what his boss, Donald Trump, wants him to say, so he is being a team player. One of the funnier parts of Powell's prepared statement is that he said the outlook for growth has been improving in recent weeks. Recent weeks! How is he saying that the outlook for growth has been improving when it has done the opposite?Q1 GDP Forecasts CollapseSix weeks ago the Atlanta Fed's Q1 GDP Estimate was at 5.4%. The are now down at 1.8%. Those are the same weeks where Powell says the economic outlook has been improving. How is it improving when you have a collapse from expecting 5.4% to expecting 1.58%? It's not just the Atlanta Fed. All the investment banks, everybody who forecasts GDP growth has ratcheted down their foresasts significantly in the very weeks where Powell is now saying the economy is improved. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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Powell Commits to Rate Cuts Before Inflation Hits 2% - Ep 909

Powell Commits to Rate Cuts Before Inflation Hits 2% - Ep 909

Live podcastCut your wireless bill to $15 a month at https://mintmobile.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

31 Juli 202353min

Is the AI Inspired Tech Bubble About to Pop? - Ep 908

Is the AI Inspired Tech Bubble About to Pop? - Ep 908

Live podcastVisit https://indeed.com/peter to start hiring now.One-of-a-kind financing program at https://netsuite.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Juli 202356min

Dollar Breakdown Confirms Lower Inflation Is Transitory - Ep 907

Dollar Breakdown Confirms Lower Inflation Is Transitory - Ep 907

Live PodcastGet 20% off your first order of $40 or more at https://nextevo.com/goldExpressVPN: https://expressvpn.com/goldRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

16 Juli 202353min

Today’s Dollar Rout Confirms Inflation Will Worsen - Ep 906

Today’s Dollar Rout Confirms Inflation Will Worsen - Ep 906

Live podcast.Visit http://indeed.com/peter to start hiring now.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

12 Juli 202341min

Bond Bear Will Maul Stocks and the Dollar - Ep 905

Bond Bear Will Maul Stocks and the Dollar - Ep 905

Live podcast.Sign up for a $1/month trial period at https://shopify.com/goldGo to https://bambee.com and type in Peter Schiff under PODCAST when you sign upInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

9 Juli 202357min

Supreme Court Trumps Biden - Ep 904

Supreme Court Trumps Biden - Ep 904

Live podcast.Get 15% off your entire order. https://fastgrowingtrees.com/goldInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

2 Juli 202359min

An Independent Fed Would Criticize Bad Fiscal Policy - 903

An Independent Fed Would Criticize Bad Fiscal Policy - 903

Live podcast.Get 20% off your first order of $40 or more at https://nextevo.com/goldOne-of-a-kind financing program at https://netsuite.com/goldInvest like me: https://schiffradio.com/investBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

26 Juni 20231h 5min

National Debt Time Bomb Ticks $32 Trillion - Ep 902

National Debt Time Bomb Ticks $32 Trillion - Ep 902

Live podcast.Cut your wireless bill to $15 a month at https://mintmobile.com/goldInvest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Juni 202345min

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