Global financial markets pay attention to the Federal Reserve's interest rate meeting

According to Jinshi, the global financial market is paying attention to the Federal Reserve's interest rate meeting this week. The market generally expects a rate cut decision, which is mainly affected by recent US economic data. The latest data released by the US Bureau of Labor Statistics showed that non-farm employment increased by 272,000 in May 2024, exceeding market expectations, while the unemployment rate rose slightly to 4.0%. This data shows that the tightness in the labor market still exists, although there is still uncertainty about the pace of economic recovery.

Currently, the main fluctuation range of copper prices is expected to be between 79,000 and 81,000 yuan per ton. The market remains cautious about future forecasts, partly due to expectations for the upcoming CPI data and the Federal Reserve's interest rate decision. In a controlled macro atmosphere, copper prices are expected to maintain a weak and volatile trend in the short term.