Bob Iaccino unpacks the latest price action in Copper futures, which tumbled more than 5% for their largest single-day decline since July 2025. The discussion highlights the macroeconomic pressures weighing on base metals, including elevated energy costs, geopolitical tensions, and rising global bond yields following the ECB's 25-bps rate hike. Iaccino also covers the August PPI report, noting that wholesale inflation came in slightly above estimates at an annual rate of 5.4%, leaving the Federal Reserve with a tough decision ahead of the upcoming FOMC meeting.
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