Peter Schiff says even a 25 bps Fed hike may not curb inflation
U.S. 10-year Treasury yields hit their highest level in more than a year as oil prices and expectations of a Fed rate hike revived inflation concerns. Peter Schiff says the bond-market selloff could make a hike less effective.
U.S.
10-year Treasury yields climbed to their highest levels in more than a year on Tuesday as rising oil prices and expectations of a rate hike by the Federal Reserve renewed concerns about inflation, but economist Peter Schiff believes the bond-market selloff could ultimately make a rate hike les…