The Fed Raised Interest Rates As Scheduled And Nickel Recovered To 13000

- Sep 27, 2018 -

                                                                                                                               ——From Hongwang Office


At 2 am on the 27th September , the Fed announced that it raised the interest rate by 25 basis points to the range of 2%-2.25%. The interest rate level reached a new high since 2008. The move was the third time of rate hike during the year and generally met market expectations. In addition, the Federal Open Market Committee did not change its long-term interest rate expectations, and it is still expected to raise interest rates again in 2018.


image.png


Powell, the Chairman of the Federal Reserve, said that interest rates are still at a low level. The gradual rate hike will help stabilize the economy. The Fed is gradually returning to normal interest rates. The interest rate hike reflects the strong US economy.


However, based on the overall market trend, there is no obvious fluctuations. The US dollar index rebounded strongly after the implementation of the news,  and return to the 94 mark after a short-term, but there is no obvious impact on non-ferrous goods. Copper closed up 0.14%, and Nickel fell back and closed down 135 US   dollars to 12,820 US dollars per ton yesterday.




Contact: Una Chen

WuXi XiChu Stainless Steel Co.,Ltd

Mobile:+86-18961715099

Mailbox:xc01@xichustainless.com

Add: B2-135,Stainless Steel Market, No.82 North XueDian Road

         City Wuxi, JiangSu, 214000,China

Related News

Related Products

  • 304/201 2B Stainless Steel Strip Sizes 0.3~3mm,Width 10~1000mm
  • Professional 304 Stainless Steel Coil With Good Price
  • Stainless Steel DUPLEX 2507
  • Decorative Stainless Steel Sheets 8k Mirror
  • 430BA Stainless Steel Coil-- JISCO ORIGIANL
  • 8K Mirror/ Super Mirror Stainless Steel Sheets Metal 201/304