July CPI release points to hyperinflation, not peak inflation at 5.4% - Todd Horwitz

By Kitco News / August 11, 2021 / marketsanity.com / Article Link

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 - Inflation4:35 - Interest rates6:45 - Infrastructure bill8:09 - Labor force16:45 - Gold18:40 - Stock market

Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

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