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.


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


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

         City Wuxi, JiangSu, 214000,China

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