Jerry Lin
The Latest
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Jobless Claims Drop to 218,000, Beating Estimates as GDP Revised Up to 3.8%
U.S. jobless claims fell sharply last week, underscoring resilience in the labor market even as hiring remains sluggish and the Federal Reserve moves cautiously on rate cuts. Initial claims for unemployment benefits dropped to a seasonally adjusted 218,000 for the week ended Sept. 20, down 14,000 from the prior week and well below economists' expectations for 235,000, the Labor Department said Thursday. 
U.S. jobless claims fell sharply last week, underscoring resilience in the labor market even as hiring remains sluggish and the Federal Reserve moves cautiously on rate cuts. Initial claims for unemployment benefits dropped to a seasonally adjusted 218,000 for the week ended Sept. 20, down 14,000 from the prior week and well below economists' expectations for 235,000, the Labor Department said Thursday. -
Gold Smashes Records Above $3,735 as Fed Rate Cuts, ETF Inflows Fuel Rally
Gold surged to fresh record highs Monday as investors piled into bullion, betting that the Federal Reserve will continue cutting rates through year-end while geopolitical tensions keep demand for safe-haven assets elevated. 
Gold surged to fresh record highs Monday as investors piled into bullion, betting that the Federal Reserve will continue cutting rates through year-end while geopolitical tensions keep demand for safe-haven assets elevated. -
China Holds Benchmark Lending Rates Steady Despite Fed Cut, Signals Possible Year-End Easing
China left its benchmark lending rates unchanged for a fourth consecutive month on Monday, choosing policy stability over immediate stimulus even after the U.S. Federal Reserve cut interest rates last week. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%, in line with forecasts from a Reuters survey of economists. 
China left its benchmark lending rates unchanged for a fourth consecutive month on Monday, choosing policy stability over immediate stimulus even after the U.S. Federal Reserve cut interest rates last week. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%, in line with forecasts from a Reuters survey of economists. -
Fed Cuts Rates by Quarter Point, Signals Two More Reductions Coming This Year
The Federal Reserve lowered interest rates by a quarter percentage point Wednesday and signaled two additional cuts before year-end, seeking to shore up a slowing labor market even as inflation remains elevated. 
The Federal Reserve lowered interest rates by a quarter percentage point Wednesday and signaled two additional cuts before year-end, seeking to shore up a slowing labor market even as inflation remains elevated. -
Mortgage Refinance Applications Soar 58% as Rates Hit 10-Month Low Ahead of Fed Cut
Mortgage refinance demand surged last week as U.S. interest rates fell to their lowest level since late 2022, sparking a rush among homeowners to lock in savings ahead of an anticipated Federal Reserve rate cut. 
Mortgage refinance demand surged last week as U.S. interest rates fell to their lowest level since late 2022, sparking a rush among homeowners to lock in savings ahead of an anticipated Federal Reserve rate cut. -
Gold Hits Record High as Fed Prepares Rate Cut, Demand Surges Amid Economic Uncertainty
Gold prices climbed to fresh records Tuesday, lifted by expectations that the Federal Reserve will cut interest rates this week and by a wave of investor demand seeking safety from economic and geopolitical turmoil. Gold prices climbed to fresh records Tuesday, lifted by expectations that the Federal Reserve will cut interest rates this week and by a wave of investor demand seeking safety from economic and geopolitical turmoil. -
Gold Hits Record $3,685 as Dollar, Yields Fall and Fed Rate Cut Looms
Gold surged to a fresh record high Monday as a weakening U.S. dollar, falling Treasury yields and heightened expectations for a Federal Reserve rate cut fueled investor demand for the precious metal, underscoring a broad shift toward safe-haven assets amid global economic uncertainty. 
Gold surged to a fresh record high Monday as a weakening U.S. dollar, falling Treasury yields and heightened expectations for a Federal Reserve rate cut fueled investor demand for the precious metal, underscoring a broad shift toward safe-haven assets amid global economic uncertainty. -
China Home Prices Drop 0.3% in August as Property Slump Persists, Investment Down 12.9%
China's housing slump deepened in August as new home prices fell for a fourth straight month, underscoring the persistent weakness in the property sector that continues to weigh on economic growth despite repeated rounds of policy support from Beijing. 
China's housing slump deepened in August as new home prices fell for a fourth straight month, underscoring the persistent weakness in the property sector that continues to weigh on economic growth despite repeated rounds of policy support from Beijing. -
U.S. Inflation Hits 2.9% as Jobless Claims Spike, Cementing Fed’s Rate-Cut Path
Consumer prices climbed faster than expected in August while jobless claims rose to their highest level in nearly four years, offering a mixed but ultimately dovish signal to the Federal Reserve ahead of its key policy meeting next week. 
Consumer prices climbed faster than expected in August while jobless claims rose to their highest level in nearly four years, offering a mixed but ultimately dovish signal to the Federal Reserve ahead of its key policy meeting next week. -
ECB Holds Rates at 2% as Eurozone Growth Stalls, Tariff Concerns Loom Over Outlook
The European Central Bank kept interest rates unchanged at 2% on Thursday, signaling a cautious approach as the eurozone economy struggles to gain momentum and uncertainty grows over the fallout from U.S. President Donald Trump's sweeping tariffs. 
The European Central Bank kept interest rates unchanged at 2% on Thursday, signaling a cautious approach as the eurozone economy struggles to gain momentum and uncertainty grows over the fallout from U.S. President Donald Trump's sweeping tariffs.
