Insights for Navigating an Uncertain World
via Peter Schiff: “As I warned, now that the Fed has cut short-term rates by 25 basis points, long-term rates are rising. The yield on the 10-year Treasury is back to 4.14%. It was down to 4.02% the day prior to the rate cut. I think yields are headed back up to 5%. The Fed’s going to restart QE!”
My instincts are that Schiff is right.
As I warned, now that the Fed has cut short-term rates by 25 basis points, long-term rates are rising. The yield on the 10-year Treasury is back to 4.14%. It was down to 4.02% the day prior to the rate cut. I think yields are headed back up to 5%. The Fed’s going to restart QE!
— Peter Schiff (@PeterSchiff) September 18, 2025
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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