Industrial metals’ demand hinges on China growth
- Iron ore, aluminum, steel, and copper output has doubled or tripled since 1990s
- China consumes 40-50% of aluminum, copper, and steel produced each year
- Demand prospects in 2020 are upbeat amid China growth despite US trade war
- Could China’s growing debt load cast a cloud over its economy in long term?
|
Fed’s focus on money markets
- Fed debating playing a bigger role in the overnight lending market
- Or remain hands off, let banks maneuver risks using term lending facilities
- Will Fed abandon Fed Funds, set SOFR-based short-term rate policy?
|
|
