William Dudley and BHP Billiton

Anglo American: What happened The short answer is that the market suspects the US Federal Reserve is having second thoughts about increases in interest rates, according to The Guardian. Nor is the idea wildly speculative. Anglo American up 20%, Glencore 16% higher, BHP Billiton 11% dearer, even the Shell colossus advanced 6%. These are huge moves. William Dudley, a top Fed official, said on Wednesday that monetary conditions had tightened since December quarter-point rise and rate setters would have to take note. Translation: the Fed probably won’t raise in March. Further strengthening in the dollar, added Dudley, could have significant consequences for the health of the US economy. (news.financializer.com). As reported in the news.