As the Federal Reserve signals a "soft landing" for the U.S. economy, producers of metals and other raw materials are experiencing a boost.
In November, U.S. employers added 199,000 employees, indicating a steady economic growth pace that would help control inflation without leading to a major recession.
Analyzing the payroll data, experts are paying attention to the impact of the end of the strike in Hollywood, which has led to the return of writers and actors to work. The question now is whether this trend will continue or if the labor market is in transition towards decreasing employment.
Meanwhile, British miner Anglo American saw a significant decline in its shares after announcing lower production forecasts for the next year. The company cited near-term limitations and a volatile market environment as factors contributing to the decrease. To mitigate these challenges, Anglo American plans to reduce costs by $1 billion.
Overall, the outlook for producers in the raw materials industry remains positive, with the Federal Reserve's measures aimed at maintaining a well-balanced economy. This is good news for both businesses and consumers alike.
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