Jerry Lin
The Latest
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Fed’s Preferred Inflation Measure Signals Cooling Price Pressures, Paving Way for More Rate Cuts
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. 
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. -
China to Unveil $284 Billion Bond Issuance in Major Push to Revive Economic Growth: Report
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. 
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. -
U.S. Economy Surges at 3% Growth in Second Quarter Amid Strong Corporate Profits
The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ongoing global uncertainties. 
The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ongoing global uncertainties. -
Gold Prices Skyrocket to Record Highs Amid Economic Uncertainty and Geopolitical Tensions
Gold prices continue their historic rise, nearing record highs as a combination of economic uncertainty, geopolitical tensions, and strong demand from central banks fuel the metal's rally. On Tuesday, the New York spot price of gold closed at $2,657 per Troy ounce, just below the record $2,669.97 set earlier in the week. This marks a nearly 30% increase in gold prices year-to-date, significantly outpacing the 20% gains seen in the S&P 500 over the same period. 
Gold prices continue their historic rise, nearing record highs as a combination of economic uncertainty, geopolitical tensions, and strong demand from central banks fuel the metal's rally. On Tuesday, the New York spot price of gold closed at $2,657 per Troy ounce, just below the record $2,669.97 set earlier in the week. This marks a nearly 30% increase in gold prices year-to-date, significantly outpacing the 20% gains seen in the S&P 500 over the same period. -
Gold Prices Surge to Record Highs as Investors Anticipate Further Fed Rate Cuts
Gold prices soared to unprecedented levels this week, reflecting heightened investor anxiety over the health of the U.S. economy and expectations of further interest rate cuts by the Federal Reserve. The most actively traded gold futures contract reached a record $2,687.30 per ounce on Tuesday before retreating slightly, marking a roughly 30% increase since the beginning of the year. 
Gold prices soared to unprecedented levels this week, reflecting heightened investor anxiety over the health of the U.S. economy and expectations of further interest rate cuts by the Federal Reserve. The most actively traded gold futures contract reached a record $2,687.30 per ounce on Tuesday before retreating slightly, marking a roughly 30% increase since the beginning of the year. -
Mortgage Applications Surge to Two-Year High as Refinancing Booms
Mortgage applications have soared to their highest level since July 2022, driven primarily by a significant uptick in refinancing activity as mortgage rates continue to decline. According to the Mortgage Bankers Association (MBA), total applications to refinance or purchase a home increased by 11% in the week ending September 20 compared to the previous week. 
Mortgage applications have soared to their highest level since July 2022, driven primarily by a significant uptick in refinancing activity as mortgage rates continue to decline. According to the Mortgage Bankers Association (MBA), total applications to refinance or purchase a home increased by 11% in the week ending September 20 compared to the previous week. -
U.S. Consumer Confidence Drops Sharply Amid Job Concerns and Economic Uncertainty
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. 
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. -
DOJ Set to File Antitrust Lawsuit Against Visa Alleging Debit Card Monopoly
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry. 
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry. -
Gold Reaches New Record High Amid Fed Rate Cuts and Geopolitical Tensions
Gold surged to an all-time high of $2,631.40 per ounce, propelled by the U.S. Federal Reserve's recent interest rate cuts and escalating global geopolitical tensions. Investors, looking for safe-haven assets, have turned to gold as traditional interest-bearing assets such as short-term government bonds become less attractive in a low-interest-rate environment. 
Gold surged to an all-time high of $2,631.40 per ounce, propelled by the U.S. Federal Reserve's recent interest rate cuts and escalating global geopolitical tensions. Investors, looking for safe-haven assets, have turned to gold as traditional interest-bearing assets such as short-term government bonds become less attractive in a low-interest-rate environment. -
Harris Courts Crypto and AI Investors in $27 Million Fundraiser, Pitting Herself Against Trump
Vice President Kamala Harris took a definitive step into the world of cryptocurrency and artificial intelligence (AI) during a high-profile fundraiser on Wall Street, signaling her openness to new technologies as part of her broader economic vision. 
Vice President Kamala Harris took a definitive step into the world of cryptocurrency and artificial intelligence (AI) during a high-profile fundraiser on Wall Street, signaling her openness to new technologies as part of her broader economic vision.
