{"id":52550,"date":"2025-09-01T14:38:38","date_gmt":"2025-09-01T18:38:38","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/markets-rally-amid-fed-scrutiny-starbucks-brews-record-sales-as-commodities-surge\/52550\/"},"modified":"2025-09-01T14:38:38","modified_gmt":"2025-09-01T18:38:38","slug":"markets-rally-amid-fed-scrutiny-starbucks-brews-record-sales-as-commodities-surge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-rally-amid-fed-scrutiny-starbucks-brews-record-sales-as-commodities-surge\/52550\/","title":{"rendered":"Markets Rally Amid Fed Scrutiny; Starbucks Brews Record Sales as Commodities Surge"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Treasury Secretary Bessent<\/strong> sharply criticized the <strong>Federal Reserve<\/strong>, highlighting past &quot;mistakes&quot; and urging an independent review into allegations against <strong>Governor Lisa Cook<\/strong>, suggesting Cook&#39;s resignation if the claims are substantiated.<\/li>\n<li>Global equities saw gains, with <strong>US and European stocks<\/strong> edging higher, while <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a><\/strong> surged above <strong>$40<\/strong> for the first time since <strong>2011<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a><\/strong> neared record highs, fueled by <em>optimism for future Fed rate cuts<\/em>.<\/li>\n<li><strong>Starbucks<\/strong> (<a href=\"\/stock\/SBUX\">SBUX<\/a>) reported a <strong>record-breaking sales week<\/strong> in its US stores and strong demand in Canada, driven by the success of its fall menu, particularly the pumpkin spice latte, bolstering CEO Brian Niccol&#39;s turnaround strategy.<\/li>\n<\/ul>\n<h2>Federal Reserve Faces Scrutiny Amid Calls for Independence and Review<\/h2>\n<p>US Treasury Secretary Bessent has voiced strong opinions regarding the <strong>Federal Reserve&#39;s<\/strong> independence and past performance, stating that while the central bank should remain independent, it has made &quot;a lot of mistakes.&quot; Bessent&#39;s comments come amidst heightened scrutiny of the Fed&#39;s actions and policies.<\/p>\n<p>Further escalating her criticism, Bessent called for <strong>Federal Reserve Governor Lisa Cook<\/strong> to resign if mortgage-related allegations against her prove true. Bessent noted that Cook has not denied these allegations and expressed surprise that the Fed has not initiated an independent review into the claims. This development puts additional pressure on the Fed to address transparency and accountability concerns, especially as Cook has reportedly filed a lawsuit to block her attempted firing by the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration.<\/p>\n<h2>Global Markets Edge Higher as Commodities Shine on Rate-Cut Hopes<\/h2>\n<p>Global financial markets started a potentially volatile month with positive momentum, as both <strong>US and European stocks<\/strong> edged higher. European markets saw defense shares leading the gains, reflecting ongoing geopolitical considerations.<\/p>\n<p>The commodity sector experienced a significant surge, with <strong>silver<\/strong> topping <strong>$40<\/strong> for the first time since <strong>2011<\/strong>. Simultaneously, <strong>gold<\/strong> prices neared record highs, driven by <em>investor optimism for potential Federal Reserve rate cuts<\/em> in the near future. Investors are closely monitoring upcoming key economic data and anticipated Fed decisions, which are expected to influence market direction in the coming weeks.<\/p>\n<h2>Starbucks Brews Record Sales with Fall Menu Success<\/h2>\n<p><strong>Starbucks<\/strong> (<a href=\"\/stock\/SBUX\">SBUX<\/a>) announced a highly successful period, reporting a <strong>record-breaking sales week<\/strong> in its US stores. The strong performance was largely attributed to the popularity of its fall menu, spearheaded by the iconic pumpkin spice latte. The company also noted robust demand in Canada, contributing to the overall positive results.<\/p>\n<p>CEO Brian Niccol highlighted that this seasonal boost provides strong support for his ongoing turnaround plan. The strategy focuses on improving service, revamping menus, and strengthening store operations, with the recent sales figures indicating positive traction for these initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Treasury Secretary Bessent sharply criticized the Federal Reserve, highlighting past &quot;mistakes&quot; and urging an independent review into 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