# Copper drops 1% after Fed's statement

> Copper fell about 1% to $4.20 per pound after the Fed statement, even as the dollar index dipped slightly. The Fed projected three rate hikes in 2023 and three more in 2024.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44967-copper-drops-1-after-fed-s-statement
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Copper's move reflects rate expectations rather than feed-grain fundamentals, so the direct effect on feed commodities is minimal.

## Sources

- economies.com: https://www.economies.com/commodities/copper-news/copper-drops-1-after-feds-statement-39644

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.