SMM Zinc Morning Meeting Minutes: US Consumer Future Inflation Expectations Decline, LME Zinc Rises
Overnight, LME Zinc recorded a positive candlestick, with the lower Bollinger band providing support. LME inventories decreased by 450 tons to 215,000 tons, a decrease of 0.21%. Data from the New York Fed shows that the median expectation for the future one-year inflation rate among US consumers has declined for the second consecutive month, dropping from 3.6% in October to 3.4%, the lowest level since April 2021. This reinforced the market's expectation of an end to the Fed's rate hikes, leading to an increase in LME Zinc...



