METALS-Base metal prices bounce in wake of Fed comments

Shanghai base metals rose on Thursday, tracking equities higher after investors saw comments from the U.S. Federal Reserve chair as a sign the central bank's interest rate hike cycle is drawing to a close. Jerome Powell said at a lunch on Wednesday that the Fed's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy U.S. economy. Higher interest rates mean higher borrowing costs, which can reduce economic activity a

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