Copper futures rally despite Fed rate hike as traders await tariff news.

Bob Iaccino of Path Trading Partners examines Copper futures as the industrial metal posts a three-day rally, shaking off a 25 bps rate hike from the Federal Reserve. Although higher rates and a stronger U.S. dollar typically pressure commodities, markets had largely priced in the Fed's move. Iaccino also covers the lingering uncertainty around potential domestic tariffs on refined copper. With the administration delaying its decision, traders who built long positions in anticipation of the policy are closing them out, keeping a lid on broader premium support.