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July’s consumer price index (CPI) data was released Wednesday, with headline CPI coming in at 5.4%, the same reading as June’s. Todd Horwitz, chief market strategist at BubbaTrading.com, said that this is not the peak.
“I think it’s going to get a lot higher. I think we’re in a lot of trouble because of the policies of the Administration that’s in power and of course, the Federal Reserve,” Horwitz told David Lin, anchor for Kitco News.
0:00 – Inflation
4:35 – Interest rates
6:45 – Infrastructure bill
8:09 – Labor force
16:45 – Gold
18:40 – Stock market
#inflation #economy #gold
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