mining

One rate cut this year expected from the Fed and the bottom may be in nickel

Kitco Media
By Michael McCrae
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One rate cut this year expected from the Fed and the bottom may be in nickel teaser image

(Kitco News) - Gold, silver and copper were all flat this week after big economic news from the Fed, noted Michael McCrae, mining audiences manager. 

On Saturday McCrae recorded an episode of Kitco Roundtable. 

On Wednesday the Consumer Price Index was released. The CPI declined to 3.3% on a yearly basis in May from 3.4% in April The latest inflation data was weaker than expected. The number was reassurance for the Fed that it is making progress in taming inflation. 

 

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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