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Fundamental Analysis Posted 2 hours ago

Fed's Musalem: Commodity Shock Extends Beyond Oil to Copper

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Federal Reserve official Musalem broadened inflation concern beyond oil to include base metals like copper, signaling commodity pressures span multiple sectors. This reinforces the Fed's recent rate-hike decision amid persistent inflation above the 2% target. Traders watch upcoming US unemployment claims and consumer sentiment for signs the tightening cycle is gaining traction.
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