6 June 2006

Copper dropped

Bloomberg.com: Latin America: "June 6 (Bloomberg) -- Copper dropped for a second consecutive day in London on speculation that the U.S. may raise interest rates to fend of inflation, curbing demand for the metal used to make cables and plumbing.
Federal Reserve Chairman Ben S. Bernanke told banking executives in Washington yesterday rising inflation indexes are ``unwelcome'' and the Fed will make sure they are ``not sustained.'' His remarks sparked concern the Fed may decide on a 17th consecutive increase in its key rate when policy makers meet June 28-29. "

No comments: