Macro$CLF5:39 PM ET

Materials gain as dollar slides on dovish Fed; Cleveland-Cliffs won't sell Stelco

By BORSA NewsroomPublished Oct 29, 2026, 5:39 PM EDTUpdated Oct 29, 2026, 5:40 PM EDT

Materials producers rose as the dollar weakened after the Fed held rates and Chair Warsh turned dovish. Cleveland-Cliffs ruled out selling Stelco, tying the return of 175 laid-off workers to Canadian demand for its steel.

Sentimentbullish 70

Bullish · 70 of 100

Impact50

low · stays off the top drivers

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Materials producers rose
Dollar weakened
Fed held rates