Silver Hits $53 — Up 3.4% in 24 Hours 
Fed Chair Jerome Powell signaled a potential September rate cut at Jackson Hole, stating the economic outlook “may warrant” adjusting policy stance.
While acknowledging inflation risks remain “tilted to the upside” due to visible tariff pressures, Powell emphasized concerns about the labor market’s unusual balance and rising employment risks.
Markets reacted enthusiastically, with stocks soaring and CME data showing September rate cut odds jumping above 90%. The Fed currently holds rates at 4.25%-4.50%, but recent weak jobs data—averaging just 35,000 monthly gains over three months—has intensified debate among Fed officials about the need for policy easing.
