Fed Rate Cut Spurs Continued Rise in Aluminum Prices Globally: SMM Aluminum Futures Brief

Publicado: Sep 19, 2024 18:07
[SMM Aluminum Futures Brief: Boosted by Fed's Interest Rate Cut, Aluminum Prices Continue to Rise Both Domestically and Internationally] From a macro perspective, the Federal Reserve initiated a rate-cutting cycle by a margin of 50 basis points. The dot plot indicated that the Fed would cut interest rates by another 50 basis points this year and by 100 basis points next year. Governor Bowman voted to cut rates by 25 basis points. Powell stated that the pace of rate cuts could be fast, slow, or paused depending on circumstances, with employment and inflation risks in balance. No signs of rising recession risks in the economy have been observed, and victory over inflation has not been declared. Fundamentally, domestic electrolytic aluminum operations remained stable in the short term...

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[SMM Aluminum Futures Brief: Boosted by Fed's Interest Rate Cut, Alumi - Shanghai Metals Market (SMM)