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From Copper to Corn, Markets Show Peak Inflation Fear Has Passed

From bnnbloomberg.ca

With investors anxious to hear the Federal Reserve’s latest take on inflation after last week’s hot reading, certain corners of the market are already simmering down. Take lumber, one of the biggest gainers among commodities in the past year as stuck-at-home Americans poured money into remodeling. It’s slumped 40% since its peak in May. The booming housing market has also cooled, with an index that measures consumer plans to buy homes tumbling last month. And copper has eased from an all-time high. The slowdown in price gains in some key inputs doesn’t mean the surge in headline inflation numbers is a false signal -- ... (full story)

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  • Category: Fundamental Analysis