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Fed Rate Cuts Ignite Construction Boom

OilPrice.com Wednesday, 20 November 2024 ()
Via Metal Miner The Construction MMI (Monthly Metals Index) managed to break out of its sideways trend, moving up by 6.73%. Construction news indicates that the market could see more bullish sentiment if the Fed continues its dovish stance on interest rates, dropping them steadily (get weekly updates on macroeconomic news impacting your metal buy with our weekly newsletter). However, companies should remain wary of potential tariffs coming from the new Trump administration in the upcoming years. If they come to fruition, they could add long-term…
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