27 May 2017 | 9:41 PM
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Commodity Research Report: Weekly Report :Metals & Energy

Metals and Energy Weekly Report (January 12- 16, 2015)
12 Jan 2015 | 05:44 PM

  • FOMC minutes were released last week .The Federal Reserve confirmed that being "patient" on interest rates means no increase before late April, while expressing concern that inflation might continue to linger below its goal.
  • Most members of the Federal Open Market Committee thought a patient stance "indicated that the committee was unlikely to begin the normalization process for at least the next couple of meetings," according to minutes of the Dec. 16-17 gathering.
  •  The minutes showed some Fed officials expressed concern about the outlook for inflation, which has remained below the central bank's target for 31 straight months.
  • Forecasts by FOMC members show most expect an initial increase in rates some time in 2015, though recent speeches indicate they differ on the precise timing.
  • The U.S. Energy Information Administration (EIA) reported that U.S. natural gas stocks decreased by 131 billion cubic feet for the week ending January.
  • The U.S. trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill. The Commerce Department said that the trade gap narrowed 7.7 percent to $39 billion, the smallest since December 2013. October's shortfall on the trade balance was revised down to $42.2