Fed Chair Kevin Warsh struck a hawkish tone at his first press conference,
underscoring the Fed's commitment to fighting inflation and prompting futures
traders to raise odds of a first rate hike as early as next month. LME copper
fell more than 1%, erasing the prior week's gains. The decline offset earlier
risk-on support from a US‑Iran interim peace agreement. Market participants said
a more hawkish Fed could weigh on global growth and metal demand.
