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

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.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Todd Horwitz on Twitter: @Bubba_Trading (https://twitter.com/Bubba_Trading)

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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