Peter Schiff Blasts Jerome Powell For Not Seeing The 'Stag' In Stagflation: 'Same Type Of Blindness' That Lead To 'Inflation Is Transitory' Misstatements
Source: benzinga.com
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Ray Dalio Gives A Nod To Larry Summer's Contention That Federal Reserve In A 'Treacherous Environment': 'Should Be Very Cautious About Possible Rate Cutting'
Renowned investor Ray Dalio has lent his voice to the growing concern over the Federal Reserve’s policy decisions. Dalio’s remarks align with those of former U.S. Treasury Secretary Larry Summers, who has been cautioning against potential rate cuts in the current economic climate.
Source: benzinga.com
Turkey's Inflation Hits 68.5% Despite Rate Hikes, Highest In 20 Years
The inflation rate in Turkey has surged to 68.5% annually, marking a 1.4% increase from February, despite the government's efforts to curb inflation through interest rate hikes.
Source: benzinga.com
Record High For Dow, Yet Economist David Rosenberg Flags Caution: 'Powell Didn't Want To Talk About A Hard Landing On The Podium'
Rosenberg pointed out the overvaluation of stocks suggested by the Fed's recent growth projection and the inevitability of an impending recession.
Source: benzinga.com
'Junk Bond' King Michael Milken Foresees Fed Dodging 1970's-Style Inflation: 'History…Repeats In Different Ways'
Investors await Fed Chair Jerome Powell's announcement on the Federal Reserve's most recent monetary policy decision, expected on Wednesday afternoon.
Source: benzinga.com