Rising Metal Prices Cast Shadow on U.S. Construction Industry

Via Metal Miner  The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the construction index to display any type of significant reaction to this macroeconomic price driver. Despite the lackluster reaction to The Fed’s more recent, dovish stance, the construction market witnessed…