Silver to $39.50: Up 9.4% Past 30 Days
U.S. Treasury yields were steady Monday with the 10-year note up just one basis point to 4.398%, as investors anticipate this week’s Federal Reserve policy meeting. The Fed is expected to maintain its current rate range of 4.25%-4.50%, while markets seek guidance on the timing of potential rate cuts.
Thursday’s personal consumption expenditures (PCE) index, the Fed’s preferred inflation measure, is forecast to show inflation rising slightly to 2.4% year-over-year. This data will offer insights into tariff impacts on price pressures.
In addition to the Fed and inflation data, key labor market reports will arrive throughout the week. Trade tensions eased as the U.S. and EU agreed to a 15% tariff on EU imports, down from a previously threatened 30% rate.
