Published: Sept. 22, 2023 at 4:44 p.m. ET
Producers of metals and other raw materials were more or less flat, as a run-up in the value of the U.S. dollar paused.
The sector retreated as the dollar advanced on the prospects of interest rates going “higher for longer.”
On Friday, several senior Federal Reserve officials, including Fed Bank of Boston President Susan Collins, echoed Chairman…
Producers of metals and other raw materials were more or less flat, as a run-up in the value of the U.S. dollar paused.
The sector retreated as the dollar advanced on the prospects of interest rates going “higher for longer.”
On Friday, several senior Federal Reserve officials, including Fed Bank of Boston President Susan Collins, echoed Chairman Jerome Powell’s midweek statements, warning the U.S. central bank might not be done raising interest rates.
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