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Peter Schiff: Clueless Investors and Economists Shocked By Ballooning CPI

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The consumer price index (CPI) came in much hotter than expected. The consensus was for a 0.2% month-to-month increase in price inflation.  The actual number was 0.8%. It was the biggest monthly gain in CPI since 1981. Annualized, CPI measured 4.2% – more than double the mythical Federal Reserve target of 2%. Federal Reserve Vice […]

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