Fed decision could move copper 25¢/lb.
Sep 12, 2012 | 04:29 PM
|
Tags
copper,
Federal Reserve,
Ben Bernanke,
Jason Schenker,
Prestige Economics,
Institute of Scrap Recycling Industries
CHICAGO — The outcome of the Federal Open Market Committee’s two-day meeting on interest rate policy is likely to move copper prices "very hard and very fast" on Thursday after Federal Reserve chairman Ben Bernanke speaks, according to Jason Schenker of Prestige Economics LLC.
"The Fed’s decision could easily swing copper prices 25 cents up or down," Schenker said at the Institute of Scrap Recycling Industries’ Commodities Roundtable Forum in Chicago.....
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