Bob Iaccino breaks down recent price action in Copper futures as the market hits a new cycle low, reaching levels not seen since late July. Iaccino explores the key factors influencing copper right now, including the delayed Commerce Department decision on refined copper tariffs and its impact on U.S. inventory levels at CME Group warehouses. Finally, the analysis covers shifting macroeconomic headwinds, detailing how weaker retail sales have pushed September rate hike probabilities lower ahead of the release of the latest FOMC minutes.