Jerry Lin
The Latest
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Bitcoin Faces Volatility Ahead of Halving Event: ETFs See Outflows Amid Market Uncertainty
Bitcoin, the world's largest cryptocurrency, is experiencing significant volatility as the highly anticipated "halving" event approaches. The halving, which is expected to occur around April 19, will reduce the block reward for miners from 6.25 BTC to 3.125 BTC, effectively cutting Bitcoin's inflation rate in half from approximately 1.7% to 0.85%. This event has the potential to impact the cryptocurrency's price and its status as a store of value. 
Bitcoin, the world's largest cryptocurrency, is experiencing significant volatility as the highly anticipated "halving" event approaches. The halving, which is expected to occur around April 19, will reduce the block reward for miners from 6.25 BTC to 3.125 BTC, effectively cutting Bitcoin's inflation rate in half from approximately 1.7% to 0.85%. This event has the potential to impact the cryptocurrency's price and its status as a store of value. -
Fed Chair Powell: Inflation Progress Stalls, Interest Rates to Remain High
Federal Reserve Chair Jerome Powell signaled on Tuesday that interest rates are likely to remain at their current high levels for an extended period, citing a lack of progress in bringing inflation back to the central bank's 2% target. 
Federal Reserve Chair Jerome Powell signaled on Tuesday that interest rates are likely to remain at their current high levels for an extended period, citing a lack of progress in bringing inflation back to the central bank's 2% target. -
IMF Raises Global Growth Forecast, Warns of US Fiscal Risks and Stalled Inflation Progress
The International Monetary Fund (IMF) has slightly upgraded its global growth forecast for 2024, projecting a 3.2% expansion, up 0.1 percentage points from its January estimate. Despite the modest improvement, the IMF warns that the global economy is entering a period of slow growth, dubbing it the "Tepid Twenties." 
The International Monetary Fund (IMF) has slightly upgraded its global growth forecast for 2024, projecting a 3.2% expansion, up 0.1 percentage points from its January estimate. Despite the modest improvement, the IMF warns that the global economy is entering a period of slow growth, dubbing it the "Tepid Twenties." -
Lagarde Indicates ECB Rate Reduction on the Horizon, With Caution Over Middle East Tensions
European Central Bank (ECB) President Christine Lagarde has signaled that the bank is poised to cut interest rates in the near future, contingent on the absence of major disruptions. This announcement came during her interview with CNBC at the IMF Spring Meetings, where Lagarde underscored a cautious optimism about the ongoing disinflationary process in the eurozone. 
European Central Bank (ECB) President Christine Lagarde has signaled that the bank is poised to cut interest rates in the near future, contingent on the absence of major disruptions. This announcement came during her interview with CNBC at the IMF Spring Meetings, where Lagarde underscored a cautious optimism about the ongoing disinflationary process in the eurozone. -
China's Economic Growth Slows, Additional Stimulus Anticipated
China's economic expansion has shown signs of slowing in the first quarter of 2024, with projections indicating a growth rate of 4.6%, a decline from the 5.2% observed in the last quarter of 2023. This slowdown is attributed to a prolonged downturn in the property sector and faltering confidence in the private sector, which continues to pressure Beijing to deploy additional economic stimuli. 
China's economic expansion has shown signs of slowing in the first quarter of 2024, with projections indicating a growth rate of 4.6%, a decline from the 5.2% observed in the last quarter of 2023. This slowdown is attributed to a prolonged downturn in the property sector and faltering confidence in the private sector, which continues to pressure Beijing to deploy additional economic stimuli. -
Oil Prices Dip as Middle East Tensions Show Signs of Easing
Oil prices saw a modest decline on Monday as fears of a broader regional conflict eased following Iran's weekend attack on Israel. Brent crude futures for June delivery dropped by 0.9% to $89.64 a barrel, and West Texas Intermediate (WTI) for May delivery decreased by about 0.8% to $84.97 a barrel. This shift came despite a previous hike in oil prices last Friday in anticipation of the attack, marking the highest prices since October. 
Oil prices saw a modest decline on Monday as fears of a broader regional conflict eased following Iran's weekend attack on Israel. Brent crude futures for June delivery dropped by 0.9% to $89.64 a barrel, and West Texas Intermediate (WTI) for May delivery decreased by about 0.8% to $84.97 a barrel. This shift came despite a previous hike in oil prices last Friday in anticipation of the attack, marking the highest prices since October. -
U.S. Retail Sales Surge in March, Exceeding Expectations Amid Rising Inflation
In March, U.S. consumers displayed surprising resilience, pushing retail sales up by 0.7%, a rate that outstripped economists' expectations and exceeded inflation rates, according to the latest Commerce Department data. 
In March, U.S. consumers displayed surprising resilience, pushing retail sales up by 0.7%, a rate that outstripped economists' expectations and exceeded inflation rates, according to the latest Commerce Department data. -
Big Banks Warn of Fading Benefits from High Interest Rates as Depositors Seek Higher Yields
The nation's biggest banks are beginning to feel the sting of high interest rates as depositors increasingly move their funds to higher-yielding accounts, leading to a decline in a key revenue source for these financial giants. JPMorgan Chase, Wells Fargo, and Citigroup all reported a drop in net interest income (NII) during the first quarter of the year, signaling that even the largest institutions are not immune to the challenges posed by elevated interest rates. 
The nation's biggest banks are beginning to feel the sting of high interest rates as depositors increasingly move their funds to higher-yielding accounts, leading to a decline in a key revenue source for these financial giants. JPMorgan Chase, Wells Fargo, and Citigroup all reported a drop in net interest income (NII) during the first quarter of the year, signaling that even the largest institutions are not immune to the challenges posed by elevated interest rates. -
Fitch Warns of Potential Labor Oversupply Despite Immigrant Influx Solves Labor Shortage Puzzle, Boosts US Economy
The United States' labor market continues to defy expectations, with March delivering another impressive jobs report despite the Federal Reserve's aggressive interest rate hikes aimed at curbing inflation. A key factor driving this labor expansion, according to a report by Fitch Ratings released on Thursday, is the surge of foreign-born workers entering the US workforce. 
The United States' labor market continues to defy expectations, with March delivering another impressive jobs report despite the Federal Reserve's aggressive interest rate hikes aimed at curbing inflation. A key factor driving this labor expansion, according to a report by Fitch Ratings released on Thursday, is the surge of foreign-born workers entering the US workforce. -
Gold Hits Record High Above $2,400 as Middle East Tensions and Economic Concerns Fuel Safe-Haven Demand
Gold prices soared to an all-time high on Friday, breaching the $2,400-an-ounce mark for the first time as escalating tensions in the Middle East and concerns about China's economic recovery fueled robust demand for safe-haven assets. 
Gold prices soared to an all-time high on Friday, breaching the $2,400-an-ounce mark for the first time as escalating tensions in the Middle East and concerns about China's economic recovery fueled robust demand for safe-haven assets.
