US August CPI Misses Expectations, LME Zinc Prices Surge on Rate Cut Hopes

게시됨: Sep 12, 2024 08:44
【SMM Morning Zinc Briefing: US August CPI Lower Than Expected, Boosting LME Zinc Prices Upwards】: Overnight, LME zinc prices gained with a positive candlestick, supported by the lower Bollinger Band. LME zinc inventories decreased by 1,725 tonnes to 232,725 tonnes, a decline of 0.74%. The year-on-year rate of the US Consumer Price Index (CPI) for August, which was not seasonally adjusted, was recorded at 2.5%, lower than market expectations, marking the fifth consecutive month of decline and hitting the lowest level since February 2021. Investors' expectations for an interest rate cut by the Federal Reserve next week persisted, providing macroeconomic support for LME zinc prices to rise...

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【SMM Morning Zinc Briefing: US August CPI Lower Than Expected, Boostin - Shanghai Metals Market (SMM)