- On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever
- Because it was going to determine whether the Federal Reserve would raise interest rates at its September meeting
- Of course, I didn’t think the Fed would raise interest rates in September regardless of what this jobs number was
- It’s just that so many people were convinced that it was going to happen just because several Fed officials said it was possible
It’s Not Bad News Until The Fed Says It’s Bad – Ep. 191
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.
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