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Andreas Steno Larsen, founder & CEO, highlights current market sentiment regarding U.S. Federal Reserve policy. Fedspeak this week indicated there is "no urgency" for a rate hike in October, a narrative that found support from recent payroll numbers.
However, Larsen notes that the bond market is showing signs of unease with this outcome, suggesting traders remain wary until the Federal Reserve demonstrates a more proactive approach.
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Earlier this year, Larsen reported that U.S. bonds had posted their worst 10-year performance since 1803. He has also tracked movements in metals, noting copper’s all-time high above $14,530 a ton as prices climbed more than 68% since April 2025. These developments continue to shape investor caution in current market conditions.