Copper prices went down by 0.2% last week amid hawkish comments from the chair of the US Federal Reserve. Even though projections from late 2022 and early 2023 suggested that inflation levels would be lower this year, Fed chair Jerome Powell said during a recent interview that the U.S. central bank would most likely raise interest rates higher than expected to combat rising inflation.
Powell noted that the latest economic data indicated that the regulator would have to…
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