Treasury's Record-Breaking Debt Buyback Sparks Concern Over Inflation

The US Treasury plans to conduct a massive $6 billion buyback of government debt on September 10, triple the usual amount.

This move is aimed at helping markets run smoothly, but some financial firms predict it will be closer to between $8 and $10 billion.

Attorney and CPA Chad Cummings notes that while the buyback itself is not a recession signal, the circumstances forcing the Treasury to triple certain long-term buybacks are far more troubling.

Cummings believes that the Fed's decision to allow inflation to persist above its 2% target for too long has created a trap. He also warns of internal conflicts within the Federal Reserve that may be partly to blame for the current situation.