The Fed Just Hiked. 16 of 18 Officials Say It’s Not Done.

The Fed delivered its first rate hike since 2023, unanimously, moving the target range to 3.75%-4.00%. But 16 of 18 officials who submitted dot-plot projections still want more tightening this year — and gold and silver gave back their morning gains within the half hour.

1980’s Misery Index Hit 22. Here’s Where We Actually Stand Today.

The 1970s misery index peaked at 22. Today’s number is a fraction of that, but the fight brewing at the Fed says the comparison isn’t over yet.

Silver Is Outperforming Gold by a Third This Morning. The Fed Hasn’t Even Voted Yet.

Silver is beating gold by a wide margin this morning, running about a third larger a gain, hours before the Fed’s rate decision. Here’s the mechanism behind the divergence — and what to watch once the Fed actually votes.

Silver Price Outlook September 2026: The Hike Is Priced In. The Positioning Isn’t.

The Fed’s rate hike is nearly certain, priced at 85–91% depending on the reading. What isn’t priced in is what CFTC data shows underneath: speculative silver longs have rebuilt to the 73rd percentile of the past 60 weeks in a falling market, a materially different setup than August’s.

$1 Trillion in New Loans. $0 in New Reserves. Here’s What Banks Are Betting On.

US banks added $1.04 trillion in loans since July 2025 and set aside nothing extra to cover them. Christopher Whalen argues the spotless loss rates measure house price inflation rather than health, and that the risk quietly moved elsewhere. We checked his numbers, and three did not survive.

The Iran War Just Got Worse. Gold Barely Noticed.

Gold and silver crashed when the U.S.-Iran conflict escalated Tuesday, then barely moved when it got worse Wednesday. The real driver isn’t the war — it’s Fed rate-hike odds, already elevated before the strikes began, and what they mean for holding non-yielding metals.

Silver Is Falling Faster Than Gold Today. Its Deficit Didn’t Change.

Gold and silver both fell on rate-hike odds today, but silver dropped further — nearly 2.1% to gold’s 1.9%. The move has nothing to do with silver’s own supply picture. Here’s the mechanism behind the gap, and why the deficit case hasn’t changed.

Gold Isn’t Falling on a Hawkish Fed. Here’s Why.

Gold isn’t falling on a hawkish Fed because the market itself is split — CME, Kalshi, and Polymarket don’t agree on September’s rate hike odds.

Gold and Silver Sink as Warsh Cites AI Boom to Justify More Fed Tightening

A Fed chair just used the AI capital-spending boom as evidence for more inflation-fighting. Here’s the yield-curve mechanism most coverage is missing.

Five Things Moved Gold and Silver This Week. Only One Was Kevin Warsh.

Gold and silver fell as Kevin Warsh’s Jackson Hole speech landed today. Four other stories moved gold and silver markets this week for entirely different reasons.