Fed's Rate Cut Disappoints Investors, Triggers Market Downturn
The Federal Reserve cut interest rates by 0.25 percentage points to a range of 4.25%-4.5% on Wednesday, disappointing investors who anticipated more cuts after the Fed projected only two more rate cuts in 2025, down from four in September; this led to a sharp market downturn with the Dow Jones Indus...
Fed's Rate Cut Disappoints Investors, Triggers Market Downturn
The Federal Reserve cut interest rates by 0.25 percentage points to a range of 4.25%-4.5% on Wednesday, disappointing investors who anticipated more cuts after the Fed projected only two more rate cuts in 2025, down from four in September; this led to a sharp market downturn with the Dow Jones Indus...
Progress
52% Bias Score
Guangdong Leads China's Economic Stimulus with $9.6 Billion Investment
Guangdong province launched a 70 billion yuan ($9.6 billion USD) initiative to upgrade equipment and stimulate consumer goods exchanges, exceeding national targets and boosting retail sales by over 1 trillion yuan, supported by special treasury bonds and national economic strategies.
Guangdong Leads China's Economic Stimulus with $9.6 Billion Investment
Guangdong province launched a 70 billion yuan ($9.6 billion USD) initiative to upgrade equipment and stimulate consumer goods exchanges, exceeding national targets and boosting retail sales by over 1 trillion yuan, supported by special treasury bonds and national economic strategies.
Progress
36% Bias Score
Nigeria's President Forecasts Economic Growth by 2025
Nigerian President Bola Tinubu announced projected economic improvements for 2025, including macroeconomic stability, job growth, and poverty reduction, supported by a 49.8 trillion Naira (approximately $32 billion USD) national budget and positive Q3 2024 growth figures.
Nigeria's President Forecasts Economic Growth by 2025
Nigerian President Bola Tinubu announced projected economic improvements for 2025, including macroeconomic stability, job growth, and poverty reduction, supported by a 49.8 trillion Naira (approximately $32 billion USD) national budget and positive Q3 2024 growth figures.
Progress
44% Bias Score
EU Commissioner Highlights Economic Challenges, Announces Competitiveness Plan
EU Economic Commissioner Valdis Dombrovskis voiced cautious optimism about the EU economy's prospects, despite challenges such as a weak Franco-German axis and geopolitical fragmentation. He emphasized concerns over low productivity and the innovation gap, announcing upcoming proposals to boost comp...
EU Commissioner Highlights Economic Challenges, Announces Competitiveness Plan
EU Economic Commissioner Valdis Dombrovskis voiced cautious optimism about the EU economy's prospects, despite challenges such as a weak Franco-German axis and geopolitical fragmentation. He emphasized concerns over low productivity and the innovation gap, announcing upcoming proposals to boost comp...
Progress
40% Bias Score
Greek Economy Projected to Grow 2.2-2.4% in 2025
Greece's State Budget Office projects 2.2-2.4% economic growth in 2025, driven by private consumption and exports, with a realistic goal of €2.5 billion annually from reduced tax evasion; Q3 2024 saw 2.4% GDP growth.
Greek Economy Projected to Grow 2.2-2.4% in 2025
Greece's State Budget Office projects 2.2-2.4% economic growth in 2025, driven by private consumption and exports, with a realistic goal of €2.5 billion annually from reduced tax evasion; Q3 2024 saw 2.4% GDP growth.
Progress
32% Bias Score
US New Vehicle Sales to Hit 2019 Highs in 2025
U.S. new light vehicle sales are expected to reach 16.3 million in 2025, exceeding 2024 projections of 15.9-16 million and marking the highest level since 2019, due to lower interest rates, increased affordability, and normalized inventories; however, potential tariffs and decreased automaker pricin...
US New Vehicle Sales to Hit 2019 Highs in 2025
U.S. new light vehicle sales are expected to reach 16.3 million in 2025, exceeding 2024 projections of 15.9-16 million and marking the highest level since 2019, due to lower interest rates, increased affordability, and normalized inventories; however, potential tariffs and decreased automaker pricin...
Progress
40% Bias Score
China Expands Visa-Free Transit Policy to Boost Tourism
China expanded its visa-free transit policy, effective immediately, allowing citizens of 54 countries to stay up to 240 hours (10 days) across 60 ports in 24 regions, aiming to boost tourism and business exchanges.
China Expands Visa-Free Transit Policy to Boost Tourism
China expanded its visa-free transit policy, effective immediately, allowing citizens of 54 countries to stay up to 240 hours (10 days) across 60 ports in 24 regions, aiming to boost tourism and business exchanges.
Progress
48% Bias Score
Australian Government Spending Prevents Recession, Creates One Million Jobs
Treasurer Jim Chalmers credits \$22.1 billion in federal spending over four years with averting a recession in Australia, creating one million jobs while other OECD nations faced economic contraction; the government plans further spending and tax measures before the next election.
Australian Government Spending Prevents Recession, Creates One Million Jobs
Treasurer Jim Chalmers credits \$22.1 billion in federal spending over four years with averting a recession in Australia, creating one million jobs while other OECD nations faced economic contraction; the government plans further spending and tax measures before the next election.
Progress
60% Bias Score
Riksbank Cuts Rates to 2.5% Amid Weak Growth
Sweden's central bank cut interest rates by 0.25 percentage points to 2.5% on Thursday to support weak economic growth, despite November inflation falling to 1.6%, hinting at a potential further rate cut in the first half of 2025.
Riksbank Cuts Rates to 2.5% Amid Weak Growth
Sweden's central bank cut interest rates by 0.25 percentage points to 2.5% on Thursday to support weak economic growth, despite November inflation falling to 1.6%, hinting at a potential further rate cut in the first half of 2025.
Progress
28% Bias Score
US Franchise Industry Shows Resilience in 2024, Poised for Continued Growth in 2025
The US franchise industry in 2024 reached an estimated 821,000 establishments, contributing $890 billion to the economy (a 4.1% sales increase), despite economic challenges; growth was driven by home services, child-focused businesses, and the pet industry, while multi-unit expansion and new entrepr...
US Franchise Industry Shows Resilience in 2024, Poised for Continued Growth in 2025
The US franchise industry in 2024 reached an estimated 821,000 establishments, contributing $890 billion to the economy (a 4.1% sales increase), despite economic challenges; growth was driven by home services, child-focused businesses, and the pet industry, while multi-unit expansion and new entrepr...
Progress
52% Bias Score
Greece's VAT Gap Narrows Significantly in 2022
Greece's VAT gap fell by 3.8 percentage points in 2022 to 13.7% of expected revenue, representing a €2.959 billion reduction and ranking fourth-best in the EU. This success is attributed to anti-tax evasion measures and potentially allows further tax cuts, though a significant gap remains.
Greece's VAT Gap Narrows Significantly in 2022
Greece's VAT gap fell by 3.8 percentage points in 2022 to 13.7% of expected revenue, representing a €2.959 billion reduction and ranking fourth-best in the EU. This success is attributed to anti-tax evasion measures and potentially allows further tax cuts, though a significant gap remains.
Progress
24% Bias Score
International Markets Lag U.S. Equities Amidst Tariff Concerns and Slow Growth
International markets significantly lagged behind U.S. equities in 2024, with the iShares MSCI ACWI ex U.S. ETF (ACWX) up only 4.6% compared to the S&P 500's 26% gain; this is primarily due to a stronger dollar resulting from President-elect Trump's proposed tariffs, slow growth in Europe and China,...
International Markets Lag U.S. Equities Amidst Tariff Concerns and Slow Growth
International markets significantly lagged behind U.S. equities in 2024, with the iShares MSCI ACWI ex U.S. ETF (ACWX) up only 4.6% compared to the S&P 500's 26% gain; this is primarily due to a stronger dollar resulting from President-elect Trump's proposed tariffs, slow growth in Europe and China,...
Progress
48% Bias Score