Gold Bull Peter Schiff Thinks We Should Brace For Double-Digit Inflation Rate Because Fed's Powell 'Can't Walk The Talk'
Gold Bull Peter Schiff Thinks We Should Brace For Double-Digit Inflation Rate Because Fed's Powell 'Can't Walk The Talk'
The February consumer price inflation report came in hotter than expected, but traders shrugged off the number and indulged in buying, anticipating that the central bank would lower the Fed funds rate this year. However, comments from economist and gold bull Peter Schiff on Tuesday tell an altogether different story.
2月份的消费者物价通胀报告比预期的要热，但交易员对这一数字不屑一顾，沉迷于买入，他们预计央行今年将降低美联储基金利率。但是，经济学家兼黄金多头彼得·希夫周二的评论却讲述了一个完全不同的故事。
What Happened: According to Schiff, the February inflation number confirms that the disinflation trend ended months ago. He stated in a post on X that inflation bottomed and was now on the rise.
发生了什么：根据希夫的说法，2月份的通货膨胀数据证实了反通货膨胀趋势在几个月前就结束了。他在X上的一篇文章中表示，通货膨胀触底，现在正在上升。
Source: Bureau of Labor Statistics
资料来源：劳工统计局
"Rather than falling back down to the #Fed's 2% target, the rate is far more likely to head back up to 9%, then ultimately breaking into double digits," the economist warned.
这位经济学家警告说：“与其回落至 #Fed 的2％的目标，不如回升至9％，然后最终跌至两位数。”
In the current cycle, headline annual inflation peaked at 9.1% in June 2022 and was on a decelerating trend until June 2023. It has been moving sideways since then.
在本周期中，总体年通胀率在2022年6月达到9.1％的峰值，并在2023年6月之前一直呈减速趋势。从那以后它一直在横向移动。
Schiff criticized the Federal Reserve for its inaccurate inflation forecasts. "The #Fed is as wrong now about #inflation on track to return to 2% as it was about the uptick in inflation being transitory in 2021," he remarked.
希夫批评美联储的通胀预测不准确。他说：“#Fed 现在的错误是 #inflation 有望恢复到2％，就像2021年通货膨胀率的上升是暂时性的。”
He took potshots at Fed Chair Jerome Powell for his ineffectiveness in reining in inflation. "The Fed's only real means of fighting inflation is to talk the talk. #Powell just hopes that markets don't figure out that he can't walk the walk," he added.
他对美联储主席杰罗姆·鲍威尔大肆抨击，因为他在控制通货膨胀方面无效。“美联储对抗通货膨胀的唯一真正手段就是说话。#Powell 只是希望市场不要发现他无法顺其自然，” 他补充说。
Best Inflation Stocks
最佳通胀股票
Extravagant Spending: Schiff also commented on the February federal budget released on Tuesday. He noted that the budgetary deficit climbed 12.9% year-over-year to $296 billion, marking the highest February deficit ever since February 2021 during the COVID-19 pandemic.
奢侈支出：希夫还对周二发布的2月份联邦预算发表了评论。他指出，预算赤字同比增长12.9％，达到2960亿美元，这是自2021年2月 COVID-19 疫情期间以来的最高2月份赤字。
Compared to February 2020, spending was up 50%, he observed.
他观察到，与2020年2月相比，支出增长了50％。
"Most shockingly, the government borrowed more money than it collected in taxes," he emphasized.
他强调说：“最令人震惊的是，政府借的钱比征收的税款还要多。”
Why It's Important: The Fed's fixation on inflation suggests that the central bank may not be ready to cut interest rates until it sees the indicator heading sustainably toward its 2% target.
为何重要：美联储对通货膨胀的关注表明，在看到该指标持续朝着2％的目标迈进之前，央行可能尚未准备好降息。
Much of the increase in inflation in February was due to higher gasoline and shelter costs. LPL Chief Economist Jeffrey Roach remarked, "Outside of shelter and gas prices, inflation would be benign."
2月份通货膨胀率的上升在很大程度上是由于汽油和住房成本的上涨所致。LPL首席经济学家杰弗里·罗奇表示：“除了住房和天然气价格外，通货膨胀将是良性的。”
"The long-term disinflation trajectory has probably not changed, but the path to the Fed's 2% target will be choppy."
“长期反通货膨胀轨迹可能没有改变，但实现美联储2％目标的道路将是波动的。”
Despite the stickiness of inflation, the economist views the current Fed policy as clearly restrictive.
尽管通货膨胀居高不下，但这位经济学家认为美联储当前的政策显然是限制性的。
In the market, the iShares TIPS Bond ETF (NYSE:TIP), which tracks inflation-protected U.S. Treasury bonds, closed Tuesday's session down 0.20 at $107.19, according to Benzinga Pro data.
在市场上，根据Benzinga Pro的数据，追踪受通胀保护的美国国债的iShares TIPS债券ETF（纽约证券交易所代码：TIP）周二收盘下跌0.20美元，至107.19美元。
Photo via Shutterstock.
照片来自 Shutterstock。
译文内容由第三方软件翻译。