Peter Schiff Warns US Recession; Predicts Inflation Spike Ahead

Quick Summary:

Renowned Bitcoin critic Peter Schiff has issued a stark warning, declaring that the United States has entered a recession.

He also predicts a looming spike in inflation, which could complicate the Federal Reserve’s rate-cut decisions.

This comes amid recent job data that has increased expectations for a significant rate cut by the Fed.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Fed rate cut US Inflation Peter Schiff US recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 15:49:50 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 47 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21899301

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Official Website: coingape.com

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News Last Updated: 10 hours ago

Coverage Areas: India

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