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Copper Prices Decline Following Fed Chair Warsh's Inflation Comments
2 sourcesFirst reported 1 month agoUpdated 1 month ago
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What all sources covered
- Copper prices dropped over 1% amid speculation on rate hikes.
- Fed Chair Kevin Warsh signaled commitment to fighting inflation during his debut press conference.
- The decline in copper has also impacted other metals like aluminum and zinc.
- Analysts suggest that a more aggressive Fed could negatively affect global growth.
- The price of copper has fallen below $13,700 per ton on the London Metal Exchange.
2 sources
Who reported first
BloombergFirst
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