Business & Finance
Copper Falls After Fed Chairman Warsh Positions as Inflation Hawk
Key Points
Commodities Copper Falls After Fed Chairman Warsh Positions as Inflation Hawk Copper fell more than 1% to wipe out the gains of earlier this week after US Federal Reserve Chair Kevin Warsh sparked speculation about rate hikes in comments at his debut press conference. Warsh repeatedly emphasized the Fed’s commitment to fighting inflation, and futures traders piled into bets on rate hikes as soon as next month.
Commodities
Copper Falls After Fed Chairman Warsh Positions as Inflation Hawk
Copper fell more than 1% to wipe out the gains of earlier this week after US Federal Reserve Chair Kevin Warsh sparked speculation about rate hikes in comments at his debut press conference.
Warsh repeatedly emphasized the Fed’s commitment to fighting inflation, and futures traders piled into bets on rate hikes as soon as next month.