Silver to $39.50: Up 9.4% Past 30 Days
Despite President Trump’s vocal campaign for rate cuts, the Federal Reserve is expected to keep its benchmark interest rates unchanged at this week’s meeting. While two Republican Fed governors may dissent in favor of cuts, the Fed as a whole remains cautious due to ongoing uncertainties from tariffs and their inflationary and economic effects.
Recent inflation data shows tariffs beginning to push prices higher, but mixed economic signals and a slowing job market complicate policy decisions. Markets are anticipating a possible rate cut in September, but Chair Powell is likely to avoid providing explicit forward guidance, opting instead to remain flexible as tariff impacts unfold.
