Jerry Lin
The Latest
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Iran-Linked Networks Moved $9 Billion Through U.S. Banks Despite Sanctions, FinCEN Finds
Iran-linked financial networks moved about $9 billion in potentially illicit transactions through U.S. correspondent bank accounts in 2024, according to an analysis by the Treasury Department's Financial Crimes Enforcement Network, highlighting how Tehran maintained indirect access to the dollar-based financial system despite extensive American sanctions. 
Iran-linked financial networks moved about $9 billion in potentially illicit transactions through U.S. correspondent bank accounts in 2024, according to an analysis by the Treasury Department's Financial Crimes Enforcement Network, highlighting how Tehran maintained indirect access to the dollar-based financial system despite extensive American sanctions. -
Global Bond Rout Deepens as U.S.-Iran Fighting Sends Oil Higher and Treasury Yield Hits 4.79%
Government bond markets came under renewed pressure Tuesday as escalating fighting between the U.S. and Iran pushed oil prices higher, reviving inflation concerns and driving borrowing costs to levels not seen in decades across Japan, Britain and other major economies. 
Government bond markets came under renewed pressure Tuesday as escalating fighting between the U.S. and Iran pushed oil prices higher, reviving inflation concerns and driving borrowing costs to levels not seen in decades across Japan, Britain and other major economies. -
Goldman Sachs, Wells Fargo Warn Treasury Bond Buybacks Won’t Bring Long-Term Yields Down
Goldman Sachs and Wells Fargo are casting doubt on the Treasury Department's expanded bond-buyback strategy, warning that even substantially larger purchases are unlikely to reverse the surge in long-term U.S. government yields without broader changes in inflation, economic growth, Federal Reserve policy or federal borrowing. 
Goldman Sachs and Wells Fargo are casting doubt on the Treasury Department's expanded bond-buyback strategy, warning that even substantially larger purchases are unlikely to reverse the surge in long-term U.S. government yields without broader changes in inflation, economic growth, Federal Reserve policy or federal borrowing. -
JPMorgan Analyst Warns Treasury Bond Buybacks Only Delay Problem as U.S. Debt Tops $40 Trillion
The Treasury Department's effort to accelerate purchases of longer-term U.S. government debt may temporarily ease strains in the bond market but won't resolve the growing imbalance between record borrowing and investor demand, according to a senior JPMorgan analyst. 
The Treasury Department's effort to accelerate purchases of longer-term U.S. government debt may temporarily ease strains in the bond market but won't resolve the growing imbalance between record borrowing and investor demand, according to a senior JPMorgan analyst. -
U.S. National Debt Tops $40 Trillion for First Time as Interest Costs Surge Past $1 Trillion
The U.S. national debt crossed $40 trillion for the first time Thursday, marking a more than doubling of federal borrowing in less than a decade and intensifying concerns about rising interest costs and Washington's approach toward its next debt-ceiling deadline. 
The U.S. national debt crossed $40 trillion for the first time Thursday, marking a more than doubling of federal borrowing in less than a decade and intensifying concerns about rising interest costs and Washington's approach toward its next debt-ceiling deadline. -
U.S. National Debt Nears $40 Trillion Months Early as Interest Costs Top $1 Trillion
The U.S. national debt is approaching $40 trillion months earlier than Washington had expected, as faster federal borrowing, lost tariff revenue and elevated interest rates intensify pressure on the government's finances. Treasury Department data released Monday showed total debt had already reached roughly $39.9 trillion, putting the historic threshold within reach this week. The U.S. national debt is approaching $40 trillion months earlier than Washington had expected, as faster federal borrowing, lost tariff revenue and elevated interest rates intensify pressure on the government's finances. Treasury Department data released Monday showed total debt had already reached roughly $39.9 trillion, putting the historic threshold within reach this week. -
U.S. Tariff Refunds Top $100 Billion as July Repayments Exceed Collections by Nearly $9 Billion
The U.S. government refunded $33.4 billion in tariffs to businesses in July, sending total repayments above $100 billion since the Supreme Court invalidated President Donald Trump's sweeping emergency tariffs and adding another source of pressure to a federal budget already headed toward a $2 trillion-plus annual deficit. 
The U.S. government refunded $33.4 billion in tariffs to businesses in July, sending total repayments above $100 billion since the Supreme Court invalidated President Donald Trump's sweeping emergency tariffs and adding another source of pressure to a federal budget already headed toward a $2 trillion-plus annual deficit. -
U.S. Wholesale Prices Hold Flat in July, Boosting Odds Fed Keeps Rates Steady
U.S. wholesale prices were unchanged in July, coming in below economists' expectations and adding to evidence that inflation pressures may be easing enough for the Federal Reserve to leave interest rates unchanged at its next meeting. The Bureau of Labor Statistics report also showed underlying producer prices rising less than forecast, prompting traders to increase bets on a Fed hold. 
U.S. wholesale prices were unchanged in July, coming in below economists' expectations and adding to evidence that inflation pressures may be easing enough for the Federal Reserve to leave interest rates unchanged at its next meeting. The Bureau of Labor Statistics report also showed underlying producer prices rising less than forecast, prompting traders to increase bets on a Fed hold. -
More Than 1 in 3 Working-Age Americans Used Credit Cards for Groceries as Household Debt Pressure Builds
More working-age Americans are relying on credit cards to pay for groceries as elevated food prices continue to strain household budgets, according to a new Urban Institute survey. The findings suggest that many families are increasingly using revolving credit for essential purchases, raising concerns among financial experts about the long-term cost of carrying those balances. 
More working-age Americans are relying on credit cards to pay for groceries as elevated food prices continue to strain household budgets, according to a new Urban Institute survey. The findings suggest that many families are increasingly using revolving credit for essential purchases, raising concerns among financial experts about the long-term cost of carrying those balances. -
Oil Surges More Than 6% After Iran Launches New Missile Attack on U.S. Forces, Ending Brief Lull in Fighting
Iran resumed direct military attacks against U.S. forces after a brief pause in hostilities, prompting a sharp rally in global oil prices and raising fresh concerns about the stability of energy markets. Brent crude climbed nearly 6% while West Texas Intermediate gained more than 6% on Wednesday after Tehran launched ballistic missiles toward a U.S. military base in Jordan, according to U.S. military officials. 
Iran resumed direct military attacks against U.S. forces after a brief pause in hostilities, prompting a sharp rally in global oil prices and raising fresh concerns about the stability of energy markets. Brent crude climbed nearly 6% while West Texas Intermediate gained more than 6% on Wednesday after Tehran launched ballistic missiles toward a U.S. military base in Jordan, according to U.S. military officials.
