Jerry Lin
The Latest
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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. -
Bitcoin Slips Amid Market Uncertainty as Fed Rate Cut Decision Looms
Bitcoin, the world's largest cryptocurrency by market value, has experienced a pullback, trading down to $58,000 as the financial world braces for a potentially pivotal week. The upcoming Federal Reserve meeting, set for September 18, has left traders and investors on edge, unsure of the exact nature of the Fed's impending interest rate decision. This uncertainty has significantly impacted Bitcoin, which had shown signs of recovery from recent lows but is now grappling with market anxieties. 
Bitcoin, the world's largest cryptocurrency by market value, has experienced a pullback, trading down to $58,000 as the financial world braces for a potentially pivotal week. The upcoming Federal Reserve meeting, set for September 18, has left traders and investors on edge, unsure of the exact nature of the Fed's impending interest rate decision. This uncertainty has significantly impacted Bitcoin, which had shown signs of recovery from recent lows but is now grappling with market anxieties. -
Oil Prices Surge Amid Gulf of Mexico Disruptions and Market Rally, Poised for Weekly Gain
Oil prices are on track to register their first weekly gain in a month, driven by a combination of supply disruptions in the U.S. Gulf of Mexico due to Hurricane Francine and a broader market recovery that has lifted commodities. The Brent crude benchmark rose above $72 per barrel on Friday, continuing a three-day rally that has reversed recent declines. U.S. West Texas Intermediate (WTI) crude also saw significant gains, trading at nearly $70 per barrel. 
Oil prices are on track to register their first weekly gain in a month, driven by a combination of supply disruptions in the U.S. Gulf of Mexico due to Hurricane Francine and a broader market recovery that has lifted commodities. The Brent crude benchmark rose above $72 per barrel on Friday, continuing a three-day rally that has reversed recent declines. U.S. West Texas Intermediate (WTI) crude also saw significant gains, trading at nearly $70 per barrel. -
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.
