Jerry Lin
The Latest
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Inflation Slows to 2.1% in September, Boosting Expectations for Fed Rate Cut
Inflation in the United States cooled in September, edging closer to the Federal Reserve's long-standing 2% target, according to a report from the Commerce Department on Thursday. The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, showed a 2.1% annual increase, down slightly from August's 2.3%, with a monthly increase of 0.2% in line with market forecasts. 
Inflation in the United States cooled in September, edging closer to the Federal Reserve's long-standing 2% target, according to a report from the Commerce Department on Thursday. The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, showed a 2.1% annual increase, down slightly from August's 2.3%, with a monthly increase of 0.2% in line with market forecasts. -
Oil Prices Climb Amid Unexpected U.S. Stockpile Drop and Potential OPEC+ Output Delay
Oil prices gained ground Thursday, driven by an unexpected dip in U.S. fuel inventories and growing speculation that OPEC+ may hold back on a planned production increase, potentially extending it into early next year. Both Brent crude and West Texas Intermediate (WTI) crude saw increases, with Brent settling at $72.99 a barrel, up 0.61%, while WTI rose to $69.07, a 0.67% gain. 
Oil prices gained ground Thursday, driven by an unexpected dip in U.S. fuel inventories and growing speculation that OPEC+ may hold back on a planned production increase, potentially extending it into early next year. Both Brent crude and West Texas Intermediate (WTI) crude saw increases, with Brent settling at $72.99 a barrel, up 0.61%, while WTI rose to $69.07, a 0.67% gain. -
U.K. Labour Unveils £40 Billion Tax Hikes to Plug Fiscal Gap, Boost Investment
The U.K.'s new Labour government unveiled its first budget plan on Wednesday, featuring a sweeping £40 billion ($51.8 billion) in tax hikes aimed at addressing a significant gap in public finances and funding critical investments in public services. Finance Minister Rachel Reeves, delivering the government's debut fiscal plan, emphasized that the difficult choices were necessary to stabilize the economy following years of Conservative leadership. 
The U.K.'s new Labour government unveiled its first budget plan on Wednesday, featuring a sweeping £40 billion ($51.8 billion) in tax hikes aimed at addressing a significant gap in public finances and funding critical investments in public services. Finance Minister Rachel Reeves, delivering the government's debut fiscal plan, emphasized that the difficult choices were necessary to stabilize the economy following years of Conservative leadership. -
Euro Zone Surprises with 0.4% Growth in Q3 as Germany Avoids Recession
The euro zone economy delivered better-than-expected growth in the third quarter, expanding by 0.4%, according to preliminary data released by the European Union's statistics agency. This growth, which beat economists' forecasts of 0.2%, marked an acceleration from the 0.3% recorded in the second quarter. T 
The euro zone economy delivered better-than-expected growth in the third quarter, expanding by 0.4%, according to preliminary data released by the European Union's statistics agency. This growth, which beat economists' forecasts of 0.2%, marked an acceleration from the 0.3% recorded in the second quarter. T -
U.S. Economy Grows 2.8% in Q3, Driven by Consumer Spending and Government Outlays
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to the Commerce Department, reflecting a slightly slower pace than economists had expected. Despite this, the growth rate remains a testament to the resilience of the American economy, which continues to expand despite high inflation, rising interest rates, and global economic uncertainty. 
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to the Commerce Department, reflecting a slightly slower pace than economists had expected. Despite this, the growth rate remains a testament to the resilience of the American economy, which continues to expand despite high inflation, rising interest rates, and global economic uncertainty. -
Oil Prices Edge Higher as Middle East Tensions Persist and U.S. Stockpiles Shrink
Oil prices edged higher on Wednesday, attempting to stabilize after a sharp two-day decline. The rebound comes as traders weigh developments in the Middle East and the impact of dwindling U.S. crude stockpiles, against a backdrop of global supply concerns and shaky demand projections. 
Oil prices edged higher on Wednesday, attempting to stabilize after a sharp two-day decline. The rebound comes as traders weigh developments in the Middle East and the impact of dwindling U.S. crude stockpiles, against a backdrop of global supply concerns and shaky demand projections. -
Gold Surges to Record Highs as U.S. Labor Market Data Fuels Rate Cut Speculation
Gold prices surged to a new all-time high on Tuesday, surpassing $2,770 per ounce, following the release of weaker-than-expected U.S. labor market data. The data raised concerns about cracks forming in the U.S. economy, prompting investors to flock to the safe-haven asset. This latest rally underscores the role of gold as a reliable hedge in times of economic uncertainty and geopolitical risk. 
Gold prices surged to a new all-time high on Tuesday, surpassing $2,770 per ounce, following the release of weaker-than-expected U.S. labor market data. The data raised concerns about cracks forming in the U.S. economy, prompting investors to flock to the safe-haven asset. This latest rally underscores the role of gold as a reliable hedge in times of economic uncertainty and geopolitical risk. -
BP Posts Weakest Profits in Four Years as Oil Prices Slump and Debt Rises; Shares Fall
British oil major BP reported its weakest quarterly earnings in nearly four years, weighed down by falling crude oil prices and declining refining margins. The company's third-quarter results saw a 30% drop in profit to $2.3 billion, a significant decline from the $3.3 billion recorded in the same period last year. These figures mark BP's poorest performance since the fourth quarter of 2020, when the industry was hit hard by the COVID-19 pandemic. 
British oil major BP reported its weakest quarterly earnings in nearly four years, weighed down by falling crude oil prices and declining refining margins. The company's third-quarter results saw a 30% drop in profit to $2.3 billion, a significant decline from the $3.3 billion recorded in the same period last year. These figures mark BP's poorest performance since the fourth quarter of 2020, when the industry was hit hard by the COVID-19 pandemic. -
Is the Yen Still a Safe Haven Amid Election Uncertainty?
Despite the yen's overall weakness this year, it could still emerge as a favored safe-haven asset for investors in the face of the upcoming U.S. presidential election. 
Despite the yen's overall weakness this year, it could still emerge as a favored safe-haven asset for investors in the face of the upcoming U.S. presidential election. -
Oil Prices Climb as U.S. SPR Purchase Plan Boosts Market Amid Demand Concerns
Oil prices rose more than 1% on Tuesday, rebounding after the sharpest drop in two years the previous day, as a U.S. government plan to purchase crude oil for its Strategic Petroleum Reserve (SPR) offered a measure of market support. Brent crude futures increased by 94 cents, or 1.32%, reaching $72.36 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 98 cents, or 1.45%, to $68.36 a barrel by midday trading. 
Oil prices rose more than 1% on Tuesday, rebounding after the sharpest drop in two years the previous day, as a U.S. government plan to purchase crude oil for its Strategic Petroleum Reserve (SPR) offered a measure of market support. Brent crude futures increased by 94 cents, or 1.32%, reaching $72.36 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 98 cents, or 1.45%, to $68.36 a barrel by midday trading.
