Are Investors Too Relaxed About Hot CPI Data?

Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the Federal Reserve can get inflation under control and bring the economy to a soft landing. But Peter Schiff argues that the central bank can’t win this fight – at least not without crashing the economy. Since the Fed isn’t willing to do that, it won’t go all-in. In effect, the Fed brought a knife to an inflation gunfight. Even with CPI numbers coming in higher than anticipated, the stock market held up pretty well last week. Some of…