Market experts react to higher than expected CPI report: 'The Fed is losing its inflation fight'
Fox News
Economic experts discussed their concern about the economy on Twitter after the Department of Labor released its monthly CPI report Thursday.
Peter Schiff, CEO of Euro Pacific Capital Inc., contended that as bad as the CPI reports have been in recent months, it does not represent the true severity of inflation. Joe Silverstein is a production assistant for Fox News Digital.
"Another hotter than expected #CPI surprised investors. Sept. CPI rose .4%, double expectations. YoY prices rose 8.2%. The 6.6% YoY rise in core CPI is the most since 1982. OER had biggest monthly spike since 1990. The #Fed is losing its #inflation fight. Soon it will surrender."
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