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silver price outlook influenced by us tariff dispute and economic data
US price data and ongoing tariff disputes between the US and EU are influencing silver prices, with investors hopeful for negotiations to avoid harmful tariffs. Key economic indicators, including the PCE deflator, are expected to provide insights into monetary policy, while chart technicals suggest a focus on the $34 mark and potential upward movement towards October highs.
Fed's Musalem Suggests Possible Pause in Interest Rate Cuts This Month
Federal Reserve Bank of St. Louis President Alberto Musalem suggested that a pause in interest-rate cuts may be imminent, with a decision influenced by incoming data. He expressed a preference for a gradual approach to rate reductions, cautioning that the risks of cutting too quickly outweigh those of easing too little.
Market Update US Stocks Mixed as Small Caps Shine Amid Economic Optimism
The Nasdaq 100 rose 0.3%, while the Dow Jones fell 0.2%. The Russell 2000 has outperformed since the US presidential election, gaining over 10% in November. Analysts expect continued growth in US stocks, driven by solid economic conditions and advancements in AI, despite potential market corrections. Corporate highlights include Intel's search for a new CEO, AT&T's profit growth predictions, and BlackRock's acquisition of HPS Investment Partners. Key economic events this week include US factory orders and the jobs report.
fed official signals gradual rate cuts if inflation trends downward
Federal Reserve Bank of St. Louis President Alberto Musalem indicated that the central bank is nearing its inflation and employment targets. He emphasized the need for a "moderately restrictive" policy while inflation remains above the 2% goal, suggesting that gradual rate cuts could occur if inflation continues to decline.
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