#fed-rate-cut-expectations

#fed-rate-cut-expectations

Silver's climb accelerated after a string of subdued economic indicators signalled that the consumers sentiment is declining further. U.S. retail sales missed expectations, and the Conference Board's Consumer Confidence Index dropped sharply to 88.7 in November, its lowest reading since May. Producer Price Index (PPI) inflation readings were modest too, giving no headwind to rate cut hopes. These data points collectively strengthen the case that further monetary easing has become more likely and that growth risks are re-entering the macro conversation.