Fiona Sincotta

The Fed's still also trying to sort of get through that haze of U.S.

government shutdown and clear data.

So I think the Fed is going to want to see either disinflation continue at a

in order to be able to comfortably cut interest rates again.

The Fed's still also trying to sort of get through that haze of U.S.

government shutdown and clear data.

So I think the Fed is going to want to see either disinflation continue at a further pace or the jobs market close.

collapse further in order to be able to comfortably cut interest rates again.

Yeah, so we've seen a real change in sentiment.

We've seen European markets have set off the day significantly stronger as risk sentiment returns and investors are more optimistic about the outlook as President Trump denounced that he will be withdrawing tariff threats.

So, you know, those concerns that had been over sort of potential impact to corporate earnings, to, you know, broader economic growth and to inflation are

have all calmed down.

And as a result, we're seeing investors buying into equities once again.

And we're also seeing those safe havens, so that gold and silver coming off as investors feel more optimistic about the outlook.

That's right.

The so-called taco trade, right?

Trump always chickens out.

It seems to be becoming a bit of a trend.

I think the thing is with Trump is he's so unpredictable.

It's always difficult to know whether he will actually go ahead with those threats or not.