Jerry Lin
The Latest
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Fed Governor Bowman Signals Readiness for Rate Hikes if Inflation Persists
Federal Reserve Governor Michelle Bowman stated on Tuesday that it is not yet time to consider lowering interest rates, emphasizing that she remains open to raising rates if inflation does not show signs of abating. In her prepared remarks for a speech in London, Bowman underscored the importance of ensuring inflation moves sustainably toward the Fed's 2 percent goal before considering any rate reductions. 
Federal Reserve Governor Michelle Bowman stated on Tuesday that it is not yet time to consider lowering interest rates, emphasizing that she remains open to raising rates if inflation does not show signs of abating. In her prepared remarks for a speech in London, Bowman underscored the importance of ensuring inflation moves sustainably toward the Fed's 2 percent goal before considering any rate reductions. -
Yellen Unveils $100 Million Affordable Housing Initiative Amid Rising Shelter Costs and Inflation Concerns
Treasury Secretary Janet Yellen announced on Monday a new $100 million fund aimed at bolstering affordable housing development. 
Treasury Secretary Janet Yellen announced on Monday a new $100 million fund aimed at bolstering affordable housing development. -
China's Fiscal Revenue Falls Amid Economic Challenges and Weak Demand
China's fiscal revenue saw a 2.8% decline in the first five months of 2024 compared to the previous year, marking an acceleration from the 2.7% drop recorded in the January-April period, according to official data released on Monday. This decline reflects ongoing challenges in China's economic recovery, driven by weak domestic demand. 
China's fiscal revenue saw a 2.8% decline in the first five months of 2024 compared to the previous year, marking an acceleration from the 2.7% drop recorded in the January-April period, according to official data released on Monday. This decline reflects ongoing challenges in China's economic recovery, driven by weak domestic demand. -
Citigroup and Bank of America Predict Gold Prices Could Reach $3,000 Within a Year
Gold prices have shown strong performance this year, increasing nearly 13% year-to-date and currently trading at $2,326.94 per ounce. 
Gold prices have shown strong performance this year, increasing nearly 13% year-to-date and currently trading at $2,326.94 per ounce. -
Bitcoin’s Decline Continues Amid Inflation Concerns and Market Outflows
Bitcoin began the week on a downward trajectory, continuing its descent to $60,000. The leading cryptocurrency fell over 4%, reaching $61,211, according to Coin Metrics. Earlier, it touched $60,666.30, its lowest level in over a month, and has seen an 8% drop over the past week. 
Bitcoin began the week on a downward trajectory, continuing its descent to $60,000. The leading cryptocurrency fell over 4%, reaching $61,211, according to Coin Metrics. Earlier, it touched $60,666.30, its lowest level in over a month, and has seen an 8% drop over the past week. -
Oil Prices Edge Higher Amid Market Swings and Rising Demand Expectations
Oil prices edged higher on Monday, driven by expectations of increased summer demand and ongoing geopolitical tensions, despite the counteracting pressure from a strengthening U.S. dollar. Brent crude futures climbed 22 cents, or 0.3%, to $85.46 a barrel by 10:53 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 19 cents, or 0.2%, to $80.92 a barrel. Both benchmarks recorded approximately 3% gains last week, marking their second consecutive week of increases. 
Oil prices edged higher on Monday, driven by expectations of increased summer demand and ongoing geopolitical tensions, despite the counteracting pressure from a strengthening U.S. dollar. Brent crude futures climbed 22 cents, or 0.3%, to $85.46 a barrel by 10:53 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 19 cents, or 0.2%, to $80.92 a barrel. Both benchmarks recorded approximately 3% gains last week, marking their second consecutive week of increases. -
Yen Nears 160 Mark, Japan Signals 24-Hour Market Intervention if Needed
The yen continued to weaken against the U.S. dollar on Monday (Local time), approaching the critical 160 level, which is seen as a key point for potential intervention by Japanese authorities. 
The yen continued to weaken against the U.S. dollar on Monday (Local time), approaching the critical 160 level, which is seen as a key point for potential intervention by Japanese authorities. -
South Korea's Stock Market Fails to Upgrade Amid Short-Selling Ban
Despite South Korea's "Hantech" trend gaining traction, global index provider MSCI has once again classified South Korea as an emerging market in its latest market classification review, aligning with market expectations. 
Despite South Korea's "Hantech" trend gaining traction, global index provider MSCI has once again classified South Korea as an emerging market in its latest market classification review, aligning with market expectations. -
U.S. Adds Japan to Currency Watchlist Amid Yen Intervention
The United States Treasury Department has added Japan to its "monitoring list" of major trading partners whose currency practices warrant close scrutiny. This decision, announced on Thursday, comes as part of the Treasury's semi-annual report, which evaluates the foreign exchange activities of countries with significant trade surpluses. 
The United States Treasury Department has added Japan to its "monitoring list" of major trading partners whose currency practices warrant close scrutiny. This decision, announced on Thursday, comes as part of the Treasury's semi-annual report, which evaluates the foreign exchange activities of countries with significant trade surpluses. -
Dollar Rises as Pound and Swiss Franc Dip Amid Central Bank Actions
The U.S. dollar rose on Thursday, bolstered by a combination of central bank meetings and mixed economic signals, which kept currency traders on high alert. The dollar index, which measures the greenback against a basket of six major currencies, gained 0.2% to reach 105.42, reflecting a volatile period marked by uncertain economic indicators and political instability in Europe. 
The U.S. dollar rose on Thursday, bolstered by a combination of central bank meetings and mixed economic signals, which kept currency traders on high alert. The dollar index, which measures the greenback against a basket of six major currencies, gained 0.2% to reach 105.42, reflecting a volatile period marked by uncertain economic indicators and political instability in Europe.
