Jerry Lin
The Latest
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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. -
EU Risks Economic Decline Without $800 Billion Annual Investment, Warns Draghi in Hard-Hitting Report
The European Union faces a looming crisis that could result in a "slow and agonizing decline" unless it dramatically increases its annual investment by up to €800 billion, according to a comprehensive report by former Italian Prime Minister and European Central Bank (ECB) President Mario Draghi. The report, which was commissioned by the European Commission, outlines the severe challenges the EU must address to avoid further economic stagnation and social unrest, calling for a significant boost in spending to revitalize the bloc's productivity and global competitiveness. 
The European Union faces a looming crisis that could result in a "slow and agonizing decline" unless it dramatically increases its annual investment by up to €800 billion, according to a comprehensive report by former Italian Prime Minister and European Central Bank (ECB) President Mario Draghi. The report, which was commissioned by the European Commission, outlines the severe challenges the EU must address to avoid further economic stagnation and social unrest, calling for a significant boost in spending to revitalize the bloc's productivity and global competitiveness. -
Morgan Stanley Slashes Oil Price Forecast Again as Demand Weakness Intensifies
Morgan Stanley has once again revised its oil price forecasts downward, reflecting growing concerns about global demand as supply remains abundant. The investment bank now expects Brent crude, the global oil benchmark, to average $75 per barrel in the fourth quarter of this year, a sharp reduction from its previous forecast of $80. This latest revision comes just weeks after the bank had already lowered its expectations from an earlier estimate of $85. 
Morgan Stanley has once again revised its oil price forecasts downward, reflecting growing concerns about global demand as supply remains abundant. The investment bank now expects Brent crude, the global oil benchmark, to average $75 per barrel in the fourth quarter of this year, a sharp reduction from its previous forecast of $80. This latest revision comes just weeks after the bank had already lowered its expectations from an earlier estimate of $85. -
U.S. Job Growth Slows in August, Setting the Stage for Potential Fed Rate Cuts
Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move. 
Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move. -
Oil Prices on the Brink: OPEC+ Delays Fail to Halt Weekly Decline Amidst Surplus Concerns
Brent crude futures face a significant weekly drop as market dynamics, despite OPEC+ production delays, point to potential declines to $60 per barrel by 2025. 
Brent crude futures face a significant weekly drop as market dynamics, despite OPEC+ production delays, point to potential declines to $60 per barrel by 2025. -
U.S. Crude Prices Near $69 as OPEC+ Extends Oil Production Cuts Through November
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced on Thursday that they will extend their current oil production cuts of 2.2 million barrels per day through November 2024. This decision comes as the coalition of the world's top oil producers grapples with declining crude and fuel prices, despite ongoing efforts to support the market through supply restrictions. 
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced on Thursday that they will extend their current oil production cuts of 2.2 million barrels per day through November 2024. This decision comes as the coalition of the world's top oil producers grapples with declining crude and fuel prices, despite ongoing efforts to support the market through supply restrictions.
