SMM Aluminum Market: Fed Cuts Rates, Fundamentals Strong, Boosting Short-Term Price Outlook

Publicado: Sep 19, 2024 08:59
【SMM Aluminum Morning Meeting Summary: Interest Rate Cut Takes Effect, Fundamentals Remain Strong, Aluminum Prices Tend to Strengthen in the Short Term】On the macroeconomic front, the Federal Reserve initiated an interest rate cut cycle by 50 basis points. The dot plot indicated that the Fed will cut rates by another 50 basis points this year and another 100 basis points next year, while Governor Bowman voted for a 25 basis point cut. Powell stated that the pace of interest rate cuts can be fast, slow, or paused depending on the situation, with employment and inflation risks in balance. No signs of rising recession risk have been observed in the economy, and victory in the fight against inflation has not been declared. On the fundamentals side, domestic electrolytic aluminum prices are expected to remain stable in the short term...

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