Breaking: Silver Tops $38 for First Time Since 2011 
The June CPI report showed headline inflation rising to 2.7% year-over-year, while core CPI hit 2.9%, with notable increases in consumer goods likely tied to new U.S. tariffs. Categories like apparel, footwear, and furniture posted gains after months of declines—an early sign that import levies are filtering into prices.
With Trump threatening broad tariffs on over 20 countries, and retaliatory measures from the EU on the table, markets are watching closely. The Fed is expected to hold off on rate cuts at its upcoming meeting, as analysts warn that inflationary effects from tariffs may only just be beginning to appear.
