Tag: Federal reserve

What's playing into the economy this week

After a mostly negative reaction to Federal Reserve Chair Kevin Warsh’s press conference Wednesday following the Fed policy statement, Thursday brought us a surprise upside reversal in most markets.

We had another choppy week in the various markets leading to the Labor Day holidays.

Despite our concern that last weekend's doomed US-Canada trade talks would unsettle sentiment, most markets shrugged off the impasse and instead held up fairly well.

There were a number of dizzying geopolitical headlines coming out of Washington and the Persian Gulf this past week that played havoc with the various markets.

We had another very sloppy week in the US equity markets, although commodities fared better. All three major equity indices are now in correction territory (down 10% or more from their highs) on account of both the Iran war and the rising interest rates the conflict is generating.

Markets remained frazzled last week as the conflict in the Persian Gulf entered its fourth week – with no end in sight.

The Federal Reserve held rates steady while modestly raising inflation and growth projections, highlighting uncertainty tied to geopolitics and tariffs.

Last week was one for the history books, particularly for those involved in trading precious metals in any way, shape, or form. After weeks and months of relentless price increases, the complex staged one of its most dramatic one day sell-offs on record.

US RV wholesale shipments declined more sharply than typical seasonal norms in November 2025, signaling mounting pressure on discretionary consumer spending amid inflation and elevated interest rates.