On Friday, commodity prices dipped in the wake of the second consecutive strong US non-farm payrolls reading, the subsequent appreciation of the dollar and the implication that rate hikes could come sooner rather than later. That said, we think that Fed officials will want to see more evidence of a pick-up in wider GDP growth before taking action, maybe in December.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.