Fresh Energy In Base Metals On Fed Policy
Satendra Singh | Mar 21, 2019 04:10AM ET
Since Fed policy announcement an advent of fresh energy in base metals looks as The Federal Reserve left interest rates unchanged on Wednesday and said it would stop its balance-sheet reduction program in September amid concerns over slowing growth both domestically and abroad. The Federal Open Market Committee left its overnight funds rate in a range of 2.25% to 2.5%. No doubt that this decision looks to attract metals. No doubt that the dovish outlook on monetary policy was attributed to signs of slowing U.S. economic growth even as the labor market remains strong. Fed policymakers cut their outlook on U.S. economic growth for 2019 and beyond, which may appear to increase volatility in Natural Gas and WTI Crude.
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