Rate Cuts Will Make Inflation Worse

In his latest podcast, Peter goes through the just-released August consumer price data and uses the report as a springboard to explain why the markets are misreading the Fed and why ordinary Americans are likely to pay the price. He connects the dots between an understated CPI (Consumer Price Index), the rally in stocks tied to hopes for rate cuts, and why those cuts would be bearish for bonds, inflationary for the economy, and ultimately harsher on workers than many realize.

He opens by framin...