Peter Schiff (@PeterSchiff) on X
Jan. CPI rose 3% YoY. But prices spiked 0.5% on the month, an annualized inflation rate of 6.2%. Core CPI also jumped 0.4% in Jan. rising 3.3% YoY. As I've been warning, the Fed is way too loose. At a minimum, the Fed needs to do an inter-meeting 200 basis point rate hike today.