Is the Fed’s Upcoming Rate Cut a ‘Huge Mistake’?

The Federal Reserve's anticipated rate cut next week has sparked mixed reactions across financial markets. While crypto traders welcome the prospect of increased liquidity, critics like economist Peter Schiff warn of dire consequences for the global economy.

Schiff, a vocal gold advocate, labeled the MOVE as "bad monetary policy" in a recent social media post. Precious metals like gold and silver have surged, with silver breaching $42 and gold nearing record highs—a signal Schiff interprets as markets anticipating inflationary missteps.

The debate centers on whether fresh stimulus will reignite risk appetite in digital assets or erode confidence in the U.S. dollar's stability. Schiff predicts a cascade of cuts and renewed quantitative easing, potentially destabilizing the dollar's reserve currency status.