Copper Steadies as Traders Weigh Fed’s Next Interest-Rate Move

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Copper steadied, with some Asian markets offline for the Lunar New Year holiday and traders focused on the Federal Reserve’s next move on interest rates.The metal was little changed near $12,900 a ton, having pared losses after dropping as much as 0.6% earlier on Thursday. Minutes of the Fed’s January meeting released Wednesday indicated that policymakers were surprisingly wary of cutting rates, causing a slight reduction of bets on monetary loosening this year. This weighed on the demand outlook for metals in early trading.