First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/07/28/fed-hikes-on-claims-a-recession-will-be-avoided-002783
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>Rate hike concerns are weighing on precious metals markets this week. The Federal Reserve lifted its benchmark funds rate by a quarter point as expected on Wednesday. Many investors had been looking for central bankers to signal that would be the final hike of the year. But stronger than expected economic data suggest the Fed may not be done – especially with inflation still running above target.