Copper Falls After Fed Chairman Warsh Positions as Inflation Hawk
AI Summary
Copper prices declined over 1% following hawkish comments on inflation by US Federal Reserve Chair Kevin Warsh at his first press conference. The market's reaction eroded earlier weekly gains amid speculation of potential interest rate hikes.
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.
World Markets Commodities copper price Federal Reserve inflation Kevin Warsh rate hikes commodities market US economy