Jerry Lin
The Latest
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Fed Holds Rates Steady Amid Inflation Progress, Hints at Future Cuts
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. 
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. -
Citigroup Repeatedly Breached Fed Rules for Interbank Loans, Faces Compliance Challenges
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries. 
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries. -
Fed Expected to Cut Rates Soon, Awaiting September Decision
The Federal Reserve is on the cusp of its first interest rate cut since the onset of the pandemic, with the move anticipated as early as September. This decision follows months of data showing cooling inflation and a weakening labor market, conditions that align with the Fed's dual mandate of controlling inflation and maintaining employment. 
The Federal Reserve is on the cusp of its first interest rate cut since the onset of the pandemic, with the move anticipated as early as September. This decision follows months of data showing cooling inflation and a weakening labor market, conditions that align with the Fed's dual mandate of controlling inflation and maintaining employment. -
Bank of Japan Raises Interest Rates Amid Economic Shifts, Plans to Trim Bond Holdings
The Bank of Japan (BOJ) raised its benchmark interest rate to "around 0.25%" from its previous range of 0% to 0.1%, marking the highest interest rates since 2008. This decision accompanies a detailed plan to taper its bond-buying program, aiming to trim the central bank's substantial holdings of Japanese government bonds (JGBs). The BOJ emphasized that despite the rate hike, real interest rates would remain "significantly negative," continuing to support economic activity with accommodative financial conditions. 
The Bank of Japan (BOJ) raised its benchmark interest rate to "around 0.25%" from its previous range of 0% to 0.1%, marking the highest interest rates since 2008. This decision accompanies a detailed plan to taper its bond-buying program, aiming to trim the central bank's substantial holdings of Japanese government bonds (JGBs). The BOJ emphasized that despite the rate hike, real interest rates would remain "significantly negative," continuing to support economic activity with accommodative financial conditions. -
Oil Prices Soar After Israel Kills Top Hamas and Hezbollah Commanders Amid Rising Tensions
Oil prices surged on Wednesday, rebounding from seven-week lows, driven by escalating tensions in the Middle East following the assassination of Hamas leader Ismail Haniyeh in Iran. This geopolitical upheaval overshadowed concerns about weak demand from China. Brent crude futures climbed $1.80, or 2.29%, to $80.43 a barrel, while U.S. West Texas Intermediate crude futures increased by $2, or 2.68%, to $76.73 a barrel. 
Oil prices surged on Wednesday, rebounding from seven-week lows, driven by escalating tensions in the Middle East following the assassination of Hamas leader Ismail Haniyeh in Iran. This geopolitical upheaval overshadowed concerns about weak demand from China. Brent crude futures climbed $1.80, or 2.29%, to $80.43 a barrel, while U.S. West Texas Intermediate crude futures increased by $2, or 2.68%, to $76.73 a barrel. -
Earnings Slump Raises Valuation Concerns for Indian Stock Market
After a series of record highs, the Indian stock market's rally has hit a roadblock as a lackluster earnings season raises questions about its high valuations. 
After a series of record highs, the Indian stock market's rally has hit a roadblock as a lackluster earnings season raises questions about its high valuations. -
Bitcoin Nears $70,000 as Investors React to Trump’s Crypto Support and Upcoming Central Bank Meetings
Bitcoin's value surged close to $70,000 at the start of the final week of July, as traders absorbed a series of political developments and anticipated key central bank meetings. Bitcoin was trading up by 2% at $69,640, while Ether rose 3% to $3,382, according to Coin Metrics. 
Bitcoin's value surged close to $70,000 at the start of the final week of July, as traders absorbed a series of political developments and anticipated key central bank meetings. Bitcoin was trading up by 2% at $69,640, while Ether rose 3% to $3,382, according to Coin Metrics. -
Oil Prices Fall Despite Escalating Israel-Hezbollah Tensions
Crude oil futures saw a decline on Monday, as traders appeared largely unfazed by the escalating tensions between Israel and the Iran-backed militia Hezbollah. Despite the significant geopolitical risks, market reactions remained subdued, focusing instead on broader concerns about global demand and economic health. 
Crude oil futures saw a decline on Monday, as traders appeared largely unfazed by the escalating tensions between Israel and the Iran-backed militia Hezbollah. Despite the significant geopolitical risks, market reactions remained subdued, focusing instead on broader concerns about global demand and economic health. -
Oil Prices Decline Amid Chinese Demand Concerns and Hopes for Gaza Ceasefire
Oil prices have seen a significant drop, with Brent crude and West Texas Intermediate (WTI) both falling over 1% on Friday. This decline is attributed to growing concerns about Chinese demand and optimism surrounding a potential ceasefire in Gaza, which could alleviate some Middle East tensions and supply worries. 
Oil prices have seen a significant drop, with Brent crude and West Texas Intermediate (WTI) both falling over 1% on Friday. This decline is attributed to growing concerns about Chinese demand and optimism surrounding a potential ceasefire in Gaza, which could alleviate some Middle East tensions and supply worries. -
Russian Central Bank Raises Rates to 18% Amidst Economic Overheating and Inflation Concerns
The Russian central bank has sharply increased its key interest rate by 200 basis points to 18%, marking the highest level in more than two years. This move, announced on Friday, is part of a broader effort to curb soaring inflation in an economy experiencing significant overheating. The central bank also indicated that further tightening is likely until inflation rates stabilize. 
The Russian central bank has sharply increased its key interest rate by 200 basis points to 18%, marking the highest level in more than two years. This move, announced on Friday, is part of a broader effort to curb soaring inflation in an economy experiencing significant overheating. The central bank also indicated that further tightening is likely until inflation rates stabilize.
