Jerry Lin
The Latest
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Gold Hits Record High as Fed Rate Cut Speculation Grows Amid Slowing U.S. Economy
Gold prices soared to a record high this week, driven by increasing investor confidence that the Federal Reserve will cut interest rates at its upcoming meeting. The precious metal, often seen as a safe haven during economic uncertainty, reached an unprecedented $2,554.05 per ounce on Thursday, marking a significant 1.7% increase from earlier levels. This surge comes in the wake of new economic data suggesting a slowing U.S. economy, which bolstered expectations for a shift in Fed policy. 
Gold prices soared to a record high this week, driven by increasing investor confidence that the Federal Reserve will cut interest rates at its upcoming meeting. The precious metal, often seen as a safe haven during economic uncertainty, reached an unprecedented $2,554.05 per ounce on Thursday, marking a significant 1.7% increase from earlier levels. This surge comes in the wake of new economic data suggesting a slowing U.S. economy, which bolstered expectations for a shift in Fed policy. -
Mortgage Rates Drop to 6.2%, Lowest Since February 2023, as Fed Rate Decision Looms
Mortgage rates have fallen to their lowest level since February 2023, providing a glimmer of hope for potential homebuyers grappling with a tough housing market. According to Freddie Mac, the average rate on a 30-year fixed mortgage dropped to 6.2% this week, down from 6.35% just a week earlier and well below the 7.18% rate from a year ago. 
Mortgage rates have fallen to their lowest level since February 2023, providing a glimmer of hope for potential homebuyers grappling with a tough housing market. According to Freddie Mac, the average rate on a 30-year fixed mortgage dropped to 6.2% this week, down from 6.35% just a week earlier and well below the 7.18% rate from a year ago. -
ECB Lowers Rates to 3.5% as Eurozone Growth Outlook Dims Further
The European Central Bank (ECB) has once again lowered its benchmark interest rate, reducing it to 3.5% in response to ongoing economic challenges in the Eurozone. This marks the second rate cut by the ECB in recent months, as inflation has slowed and concerns about the region's economic recovery have intensified. 
The European Central Bank (ECB) has once again lowered its benchmark interest rate, reducing it to 3.5% in response to ongoing economic challenges in the Eurozone. This marks the second rate cut by the ECB in recent months, as inflation has slowed and concerns about the region's economic recovery have intensified. -
Oil Prices Surge Amid Hurricane Francine's Disruption, But Global Demand Concerns
Oil prices rose sharply on Thursday, continuing their rebound as Hurricane Francine disrupted U.S. oil production in the Gulf of Mexico. The hurricane, which made landfall in southern Louisiana, forced the shutdown of a significant portion of offshore platforms, heightening concerns over near-term supply shortages. However, broader worries about a slowdown in global demand, particularly from China, tempered the gains. 
Oil prices rose sharply on Thursday, continuing their rebound as Hurricane Francine disrupted U.S. oil production in the Gulf of Mexico. The hurricane, which made landfall in southern Louisiana, forced the shutdown of a significant portion of offshore platforms, heightening concerns over near-term supply shortages. However, broader worries about a slowdown in global demand, particularly from China, tempered the gains. -
Bitcoin Faces Market Volatility as Harris Gains Edge After Debate and US Inflation Reaches a 3-year low
the cryptocurrency market has experienced notable fluctuations, reflecting the broader uncertainties facing investors. 
the cryptocurrency market has experienced notable fluctuations, reflecting the broader uncertainties facing investors. -
U.S. Crude Oil Prices Rebound Over 2%, Stabilize Above $67 After Three-Year Low
U.S. crude oil prices saw a significant rebound on Wednesday, recovering more than 2% and stabilizing above $67 per barrel. This surge followed a steep sell-off in the previous session, where prices hit their lowest level in nearly three years, reflecting market anxieties about global demand and increased supply pressures. 
U.S. crude oil prices saw a significant rebound on Wednesday, recovering more than 2% and stabilizing above $67 per barrel. This surge followed a steep sell-off in the previous session, where prices hit their lowest level in nearly three years, reflecting market anxieties about global demand and increased supply pressures. -
U.S. Inflation Drops to Lowest Level Since Early 2021 as Fed Readies 0.25% Rate Cut
U.S. consumer prices increased modestly in August, continuing a trend of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.2% for the month, in line with expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a significant retreat from the inflation peak of mid-2022 when the rate surged to 9%. 
U.S. consumer prices increased modestly in August, continuing a trend of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.2% for the month, in line with expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a significant retreat from the inflation peak of mid-2022 when the rate surged to 9%. -
Federal Reserve Expected to Trim Rates as Inflation Moderates: What’s Next for the Economy?
As the Federal Reserve prepares for its next policy meeting on September 18, the financial markets and economists alike are bracing for what many anticipate will be the first of several interest rate cuts. According to a recent Reuters poll, the consensus among economists is that the Fed will initiate a 25 basis point cut next week, with additional cuts likely to follow at each of the U.S. central bank's two remaining meetings this year. 
As the Federal Reserve prepares for its next policy meeting on September 18, the financial markets and economists alike are bracing for what many anticipate will be the first of several interest rate cuts. According to a recent Reuters poll, the consensus among economists is that the Fed will initiate a 25 basis point cut next week, with additional cuts likely to follow at each of the U.S. central bank's two remaining meetings this year. -
Oil Prices Plummet to Lowest Levels Since 2021 as OPEC Lowers Demand Forecast
Oil prices plunged on Tuesday, reaching their lowest levels since December 2021, as the Organization of the Petroleum Exporting Countries (OPEC) slashed its demand growth forecast for the coming years. This sharp decline underscores the growing concerns about weakening global demand, particularly from China, and its impact on the energy market. 
Oil prices plunged on Tuesday, reaching their lowest levels since December 2021, as the Organization of the Petroleum Exporting Countries (OPEC) slashed its demand growth forecast for the coming years. This sharp decline underscores the growing concerns about weakening global demand, particularly from China, and its impact on the energy market. -
China’s Inflation Rises on Weather-Driven Food Costs, But Deflation Woes Persist as Producer Prices Slide
According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists. However, the uptick, primarily attributed to higher food prices, failed to alleviate concerns over a deeper deflationary trend as producer prices fell more sharply than expected. 
According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists. However, the uptick, primarily attributed to higher food prices, failed to alleviate concerns over a deeper deflationary trend as producer prices fell more sharply than expected.
