Lizzie Burden

The Fed's expected to cut borrowing costs further to bolster U.S.

growth.

Silver jumped as much as 5.3% to top $90 an ounce for the first time on Wednesday, while gold notched another all-time peak.

Tin was the standout among base metals and was up as much as 6% at one point, while copper also resumed its rally.

Meanwhile, the ongoing concerns over political pressure on the Fed come as Citi warned that the central bank independence could come under threat in Europe over the coming years.

Citi Group says an ongoing move toward issuing shorter data bonds could tempt European politicians to push for lower rates.

Speaking to Bloomberg Radio, ECB Governing Council Member Martins Kazaks says it's an issue that worries him.

The Bank of Latvia Governor Martin Kazaks also telling us on Bloomberg Radio that despite rates being in a good place, uncertainty over the outlook remains high with the risk of multiple shocks.

Well, those are your top stories this morning.

On the markets, the stock 600 is up three tenths of a percent.

On Wall Street, S&P E-mini futures are down a tenth of a percent.

And the 10-year U.S.

Treasury yield is down a basis point at 416.

And I'm Lizzie Burden.

And this is Bloomberg.

Greenland is already home to the U.S.

's northernmost airbase and a radar station that's used for detecting missiles and monitoring space.

Gaining control over Greenland could give the US government new opportunities to expand its military presence in the Arctic, as well as access to critical materials to build the economy of the future without relying on the likes of Beijing.