Copper Rises After Fed Keeps Rates Steady

Copper futures climbed to around $6.33 per pound on Thursday, recovering from the previous session’s losses as investors welcomed the Federal Reserve’s decision to leave interest rates unchanged, easing concerns about the demand outlook for industrial metals. However, three FOMC members dissented in favor of a rate hike, while Chair Kevin Warsh stressed that the decision to keep rates steady should not be viewed as a sign of policy inertia. Meanwhile, investors looked ahead to updates from the Politburo meeting in top consumer China, where policymakers are widely expected to refrain from announcing major new stimulus measures and instead focus on implementing existing fiscal policies to support the slowing economy. Elsewhere, the red metal continued to draw support from its favorable long-term demand outlook, driven by the global shift toward clean energy and the rapid expansion of artificial intelligence data centers.

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