Jerry Lin
The Latest
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Fed Chair Powell: Rate Cuts Likely This Year, but Timing Remains Uncertain Amid Strong Economic Data
Federal Reserve Chairman Jerome Powell said on Wednesday that while interest rate cuts are likely to be appropriate at some point this year, the timing of such moves remains uncertain as policymakers await more evidence that inflation is easing. 
Federal Reserve Chairman Jerome Powell said on Wednesday that while interest rate cuts are likely to be appropriate at some point this year, the timing of such moves remains uncertain as policymakers await more evidence that inflation is easing. -
Euro Zone Inflation Unexpectedly Drops to 2.4%, Strengthening Case for ECB Rate Cuts
Euro zone inflation fell more than expected in March, dropping to 2.4% from 2.6% in February, according to data released by Eurostat on Wednesday. The unexpected decline, driven by lower food, energy, and industrial goods prices, has bolstered the case for the European Central Bank (ECB) to start cutting interest rates from record highs. 
Euro zone inflation fell more than expected in March, dropping to 2.4% from 2.6% in February, according to data released by Eurostat on Wednesday. The unexpected decline, driven by lower food, energy, and industrial goods prices, has bolstered the case for the European Central Bank (ECB) to start cutting interest rates from record highs. -
U.S. Private Sector Job Growth Surges in March, Exceeding Expectations
The U.S. labor market demonstrated remarkable resilience in March, as private sector employment saw significant gains, outpacing analysts' expectations. According to the latest report from ADP, companies added 184,000 jobs, marking the most substantial increase since July of the previous year. 
The U.S. labor market demonstrated remarkable resilience in March, as private sector employment saw significant gains, outpacing analysts' expectations. According to the latest report from ADP, companies added 184,000 jobs, marking the most substantial increase since July of the previous year. -
Bitcoin's Tumble Below $67,000 Shakes Crypto Confidence Amidst Market Turbulence
The cryptocurrency market faced a significant downturn this week, with Bitcoin leading the charge by plummeting below the $67,000 mark. This sharp decline erased the optimistic gains observed in the previous week and instilled a sense of caution among investors and traders. As of now, Bitcoin is hovering around $66,139, marking a 4.6% decline on the day and a 6% fall over the week, according to data from CoinGecko. 
The cryptocurrency market faced a significant downturn this week, with Bitcoin leading the charge by plummeting below the $67,000 mark. This sharp decline erased the optimistic gains observed in the previous week and instilled a sense of caution among investors and traders. As of now, Bitcoin is hovering around $66,139, marking a 4.6% decline on the day and a 6% fall over the week, according to data from CoinGecko. -
UBS Launches $2 Billion Share Buyback Program Amid Credit Suisse Integration
Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. 
Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. -
Gold Soars to Record High as U.S. Inflation Data Boosts Fed Rate Cut Expectations
Gold prices surged to a new all-time high on Monday, as the latest U.S. inflation data bolstered expectations that the Federal Reserve could deliver its first interest rate cut as early as June. 
Gold prices surged to a new all-time high on Monday, as the latest U.S. inflation data bolstered expectations that the Federal Reserve could deliver its first interest rate cut as early as June. -
US Core PCE Inflation Rises 2.8% in February, Aligning with Fed Expectations
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose 2.5% for the 12 months ending in February, a slightly faster pace than the 2.4% increase seen in January. 
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose 2.5% for the 12 months ending in February, a slightly faster pace than the 2.4% increase seen in January. -
Japan Signals Readiness for Yen Intervention as Currency Hits 34-Year Low Against Dollar
As the Japanese yen continues to languish at multi-decade lows against the U.S. dollar, Japanese authorities are signaling their readiness to intervene in the currency market to address excessive moves. Prime Minister Fumio Kishida emphasized the government's resolve to step in if the yen's fall is deemed overdone, stating that they will not rule out any options in dealing with the situation. 
As the Japanese yen continues to languish at multi-decade lows against the U.S. dollar, Japanese authorities are signaling their readiness to intervene in the currency market to address excessive moves. Prime Minister Fumio Kishida emphasized the government's resolve to step in if the yen's fall is deemed overdone, stating that they will not rule out any options in dealing with the situation. -
U.S. Economy Sees Upward Revision in Q4 Growth, Surpassing Expectations
The Commerce Department's Bureau of Economic Analysis adjusted its growth rate for the last quarter to an annualized 3.4%, up from the 3.2% previously reported, indicating a resilient economy that continues to outshine its global counterparts. 
The Commerce Department's Bureau of Economic Analysis adjusted its growth rate for the last quarter to an annualized 3.4%, up from the 3.2% previously reported, indicating a resilient economy that continues to outshine its global counterparts. -
Japan's Monetary Authorities Consider Market Intervention Amid Yen's Decline to 34-Year Low
Japan's leading monetary bodies-the Bank of Japan (BOJ), the Finance Ministry, and the Financial Services Agency-convened an emergency meeting this Wednesday. The gathering, aimed at addressing the yen's fall to a 34-year low against the dollar, hinted at a readiness to intervene in the foreign exchange market to curb what officials describe as "disorderly and speculative" currency movements. 
Japan's leading monetary bodies-the Bank of Japan (BOJ), the Finance Ministry, and the Financial Services Agency-convened an emergency meeting this Wednesday. The gathering, aimed at addressing the yen's fall to a 34-year low against the dollar, hinted at a readiness to intervene in the foreign exchange market to curb what officials describe as "disorderly and speculative" currency movements.
