Gold hits a record $3,508 per ounce in spot markets as investors seek safety amid turbulence in the U.S. and the global economy.
Jerome Powell
Core inflation remains elevated and could move higher as Pres. Donald Trump prepares to impose 25% tariffs on imports from Canada and Mexico.
Interest rates will remain elevated in 2025 — but economic growth and resilient consumers could mitigate their impact.
The Fed raises interest rates by another 0.75% to combat stubborn inflation. Prospects for a soft landing recede as recession risks grow.