The U.S. Commodity Futures Trading Commission last Tuesday voted 3-2 in favour of a long-awaited rule that would curb excessive speculation in commodity markets, with the decision going along party lines. The futures regulator s rule will limit the number of futures and swaps contracts any one trader can hold. Wall Street and trading companies have called the decision a misguided political attempt to cap soaring oil and grain prices, and the decision is expected to be appealed to the courts.
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