The Fed holds rates at 3.50-3.75% at the July 29 FOMC. Inflation falls to 3.5%, gold breaks ,180/oz and silver surges +5%. Portfolio implications for wealth management clients.
As eurozone inflation falls to 1.8% — below the 2% target for the first time since 2021 — the ECB meets on July 23 in an unprecedented context. A hold is certain, but Lagarde's press conference and the September question are dominating bond markets.
