The Fed's interest rate decision is coming early next week. Although the Fed said that the current monetary policy is appropriate, the European Central Bank's commitment to accelerate the pace of bond purchase in the coming months makes this month's fed meeting more intriguing. In terms of economic data, attention will be paid to the U.S. new house construction rate data and U.S. retail sales data, which will have a significant impact on market sentiment. Under the continuous implementation of loose monetary policy by the Federal Reserve and the fiscal stimulus of the Biden government, the economic data is expected to record a better performance than expected, or boost the market bull sentiment. However, in terms of fundamentals, it is difficult to digest the inventory of finished products at the supply side in the short term, and the weak downstream procurement may prolong the inventory accumulation cycle, and continue to give a certain negative feedback to the copper price. Copper prices are expected to remain volatile next week.
