Fed leaves rates unchanged; metal reaction muted

摘要

The Federal Open Market Committee (FOMC) kept interest ratesunchanged on November 2, a move that was expected andgenerated little change in base metals prices.“The committee expects that economic conditions will evolve in amanner that will warrant only gradual increases in the federal fundsrate, [which is] likely to remain, for some time, below levels that areexpected to prevail in the longer run,” the FOMC said.