Silver Rises Over 120% YTD 
Markets are closely watching this week’s inflation data as the Federal Reserve faces mounting pressure to cut interest rates.
The July Consumer Price Index (CPI) report, due Tuesday, is expected to show inflation rising to 2.8% annually, up from 2.7% in June, with tariffs driving the acceleration.
The nomination of Stephen Miran to the Fed Board adds another voice potentially favoring rate cuts, as economists predict the Fed may need to act by September to avoid multiple dissenting votes.
Meanwhile, retail sales data on Friday will provide crucial insight into consumer spending strength amid these economic crosscurrents.
