Jerry Lin
The Latest
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Oil Prices Edge Higher Amid Fed Rate Cuts and Middle East Tensions
Oil prices showed modest gains on Monday as the market responded to a mix of positive and negative global drivers. U.S. crude futures rose by 0.30%, reaching $71.21 per barrel, while Brent crude, the international benchmark, increased by 0.21% to $74.65 per barrel. 
Oil prices showed modest gains on Monday as the market responded to a mix of positive and negative global drivers. U.S. crude futures rose by 0.30%, reaching $71.21 per barrel, while Brent crude, the international benchmark, increased by 0.21% to $74.65 per barrel. -
Oil Prices Surge 2% After Fed Rate Cut as Middle East Tensions Escalate
Oil prices rose sharply on Thursday, climbing nearly 2%, as the Federal Reserve's unexpected rate cut and escalating tensions in the Middle East fueled market gains. The U.S. central bank's decision to cut interest rates by half a percentage point-the largest cut in over four years-helped global benchmark Brent crude recover from its recent lows. Brent futures rose to $74.79 a barrel, up $1.17, while U.S. crude jumped 1.7%, trading at $72.08 a barrel by mid-afternoon. Oil prices rose sharply on Thursday, climbing nearly 2%, as the Federal Reserve's unexpected rate cut and escalating tensions in the Middle East fueled market gains. The U.S. central bank's decision to cut interest rates by half a percentage point-the largest cut in over four years-helped global benchmark Brent crude recover from its recent lows. Brent futures rose to $74.79 a barrel, up $1.17, while U.S. crude jumped 1.7%, trading at $72.08 a barrel by mid-afternoon. -
U.S. Home Sales Decline in August Despite Easing Mortgage Rates and Rising Supply
U.S. home sales in August continued their downward trend, marking the slowest annual pace in nearly a year, despite some improvement in mortgage rates and increased availability of homes on the market. 
U.S. home sales in August continued their downward trend, marking the slowest annual pace in nearly a year, despite some improvement in mortgage rates and increased availability of homes on the market. -
Bank of England Holds Rates at 5%, Signals Cautious Path Amid Global Easing Trends
The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be premature for the central bank to implement another cut so soon after its first reduction in four years last month. 
The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be premature for the central bank to implement another cut so soon after its first reduction in four years last month. -
Fed Cuts Interest Rates by Half Point Amid Growing Concerns About Job Market Slowdown
The Federal Reserve has initiated a significant move by cutting interest rates for the first time since the early days of the COVID-19 pandemic. On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. 
The Federal Reserve has initiated a significant move by cutting interest rates for the first time since the early days of the COVID-19 pandemic. On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. -
Oil Prices Slide as Rising U.S. Stockpiles Offset Middle East Tensions
Oil prices dipped slightly on Wednesday as signs of rising U.S. stockpiles countered concerns about escalating tensions in the Middle East. Benchmark crude prices, including Brent and West Texas Intermediate (WTI), pared earlier losses after a two-day gain driven by worries that a regional conflict could disrupt global supplies. Oil prices dipped slightly on Wednesday as signs of rising U.S. stockpiles countered concerns about escalating tensions in the Middle East. Benchmark crude prices, including Brent and West Texas Intermediate (WTI), pared earlier losses after a two-day gain driven by worries that a regional conflict could disrupt global supplies. -
Former Dallas Fed President Pushes for Bold Rate Cut Amid Uncertainty Over Soft Landing
As the Federal Reserve prepares for a critical policy meeting this week, former Dallas Fed President Robert Kaplan has made a strong case for a half-point interest rate cut, advocating for a bolder approach to counter looming economic challenges. 
As the Federal Reserve prepares for a critical policy meeting this week, former Dallas Fed President Robert Kaplan has made a strong case for a half-point interest rate cut, advocating for a bolder approach to counter looming economic challenges. -
Dollar Falters Ahead of Fed Rate Cut, Eyes on Potential 50 Basis Point Move
The U.S. dollar has been under increasing pressure as markets anticipate a significant shift in monetary policy from the Federal Reserve. As the Fed's decision on a potential rate cut looms, the dollar traded near its lowest levels of the year on Tuesday, with investors betting heavily on an aggressive easing cycle that could begin with a substantial 50 basis point reduction. 
The U.S. dollar has been under increasing pressure as markets anticipate a significant shift in monetary policy from the Federal Reserve. As the Fed's decision on a potential rate cut looms, the dollar traded near its lowest levels of the year on Tuesday, with investors betting heavily on an aggressive easing cycle that could begin with a substantial 50 basis point reduction. -
Goldman Sachs and Citigroup Slash China's 2024 Growth Forecast Amid Economic Slowdown
Goldman Sachs and Citigroup have both revised their projections for China's economic growth in 2024 downward to 4.7%, signaling increasing concern about the country's economic trajectory. The adjustments come in the wake of a slowdown in China's industrial output, which reached a five-month low in August, intensifying worries about the world's second-largest economy's ability to rebound. 
Goldman Sachs and Citigroup have both revised their projections for China's economic growth in 2024 downward to 4.7%, signaling increasing concern about the country's economic trajectory. The adjustments come in the wake of a slowdown in China's industrial output, which reached a five-month low in August, intensifying worries about the world's second-largest economy's ability to rebound. -
Fed Rate Cut Could Mark the End of an Economic Era as U.S. Faces Uncertain Future
The U.S. economy stands at a critical juncture this week as the Federal Reserve prepares to announce a highly anticipated interest rate cut, potentially signaling the end of a significant economic chapter. As financial markets anxiously await the Fed's decision, set to be revealed at 2 p.m. on Wednesday, the move could mark the culmination of the central bank's aggressive campaign to combat the highest inflation rates seen in modern times. 
The U.S. economy stands at a critical juncture this week as the Federal Reserve prepares to announce a highly anticipated interest rate cut, potentially signaling the end of a significant economic chapter. As financial markets anxiously await the Fed's decision, set to be revealed at 2 p.m. on Wednesday, the move could mark the culmination of the central bank's aggressive campaign to combat the highest inflation rates seen in modern times.
