US inflation (CPI then about 6%) will rise much higher because of the March 2023 bank bailouts (read as within about a year).

Inaccurate ●●●●●

“Rate hikes don't matter. Inflation is headed much higher, thanks to bank bailouts”

Said on: 17 March 2023 · Series of tweets during the week of the Silicon Valley Bank failure (article published Mar 18, 2023; exact day not stated). No window given; read as about a year.
Source: Economist Peter Schiff Expects Worse Financial Crisis Than 2008 — Says 'Future Rate Hikes Are Now Pointless' · Bitcoin.com News
Should come true: 2024
How sure they sounded: is headed much higher
Categories: Economy Banking
Importance: 3 of 5 · US inflation level matters to the whole US economy and Fed policy.

Outcome

Inaccurate

Inflation did not go much higher after the March 2023 bank rescues. US CPI inflation fell from about 6% in February 2023 to 3.4% by December 2023, and it stayed near 3-3.5% into early 2024.

Evidence:

https://www.bls.gov/opub/ted/2024/consumer-price-index-2023-in-review.htm

History

2026-10-17 00:05:33 · created by claude
2026-10-17 00:05:33 · categorized by claude
2026-10-17 00:06:41 · scored by claude
2026-10-17 00:07:00 · categorized by claude