US inflation data heats up more than expected, overnight copper prices under pressure
On the macroeconomic front, the non-seasonally adjusted annualized Consumer Price Index (CPI) for December in the US recorded 3.4%, with a monthly rate of 0.3%, exceeding expectations. Federal Reserve officials' remarks have dampened expectations of a rate cut, stating that they will continue to monitor Personal Consumption Expenditures (PCE) data. Tightening expectations for rate cuts are expected to weigh down copper prices...

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