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Consumer confidence slipped again in July as inflation continues weighing on households. Meanwhile, gold surged above $4,000, reflecting growing demand for safe-haven assets.
Households feel it. Bond markets price it. Even the Fed admits it. Inflation remains persistent, while years of money printing continue to erode the dollar's purchasing power.
The Fed held rates at 3.50–3.75%, yet inflation remains stubbornly above target. Markets aren't waiting—Treasury yields are climbing, and gold continues attracting investors.