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TechFlow News, May 13: Renowned economist and gold advocate Peter Schiff warned in a post that U.S. real interest rates are plunging sharply as inflation continues to surge while the Federal Reserve refuses to raise rates significantly. He noted that even if the Fed raises rates by 100 basis points this year—a scenario he considers highly unlikely—it would still fall far short of halting the further decline in real interest rates.
Well-known economist and gold advocate Peter Schiff warned in a post that U.S. real interest rates are plunging sharply as inflation continues to surge while the Federal Reserve refuses to raise rates significantly. He noted that even if the Fed hikes rates by 100 basis points this year—a scenario with extremely low probability—it would still fall far short of halting the further decline in real interest rates.
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