Peter Schiff and Andy Brenner discuss recent dramatic movements in the bond market. Schiff criticizes the Federal Reserve’s latest actions, predicting ongoing inflation and a weakening economy that could lead to a bear market by Christmas. Despite Fed Chairman Jerome Powell’s optimistic outlook, Schiff argues the economy is weaker than perceived, underscoring the risks of stagflation. Andy Brenner provides insights into Fed fund projections, unemployment forecasts, and potential market reactions, but Schiff remains steadfast in his warning about the Fed’s missteps and the probable economic downturn.

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