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Central Banks Hawkish Language Continue To Weigh On Copper Prices

  • Th07 03, 2023, at 5:41 pm
  • SMM
Stronger-than-expected economic data released last week, including new home sales in May, durable goods orders in May and the consumer confidence index in June in the US pointed to a strong US economy. Powell said at the ECB Forum on Central Banking last Wednesday that there may be several interest rate hikes in the future in the midst of strong economic data, and another aggressive interest rate hike to curb inflation is not ruled out.
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