Silver to $39.50: Up 9.4% Past 30 Days
As Federal Reserve policymakers meet this week, they are expected to keep short-term interest rates steady, revealing a growing divide between Fed Chair Jerome Powell and President Trump.
Trump pushes for deep rate cuts, citing a strong economy and low inflation, while the Fed and most economists argue that higher rates are needed to control inflation and maintain price stability. Inflation has eased but rose slightly to 2.7% in June, leading the Fed to be cautious about cuts.
Though some predict a rate cut in September, the Fed’s forecasts suggest only two cuts this year and one in 2026. Trump’s call for rates as low as 1% is seen by analysts as unrealistic under current conditions.
