Fed Signals Fewer Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is expected to reduce its benchmark interest rate by a quarter-point to 4.3% on Wednesday, signaling fewer rate cuts in 2025 than previously anticipated due to persistent inflation above the Fed's target and uncertainty surrounding President-elect Trump's economic policies.
Fed Signals Fewer Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is expected to reduce its benchmark interest rate by a quarter-point to 4.3% on Wednesday, signaling fewer rate cuts in 2025 than previously anticipated due to persistent inflation above the Fed's target and uncertainty surrounding President-elect Trump's economic policies.
Progress
40% Bias Score
Neoliberal Economic Policies: From Chile to Argentina and Beyond
In 1973, 'The Chicago Boys' implemented neoliberal policies in Chile, later adopted globally by leaders like Reagan and Thatcher; today, Argentina's President Milei and US President Trump are exploring similar approaches, potentially impacting global economic systems.
Neoliberal Economic Policies: From Chile to Argentina and Beyond
In 1973, 'The Chicago Boys' implemented neoliberal policies in Chile, later adopted globally by leaders like Reagan and Thatcher; today, Argentina's President Milei and US President Trump are exploring similar approaches, potentially impacting global economic systems.
Progress
52% Bias Score
German Greens Propose Capital Market Investment for Pension and Healthcare Reform
Germany's Green Party's election program proposes a citizen's fund to invest in startups and growth companies to strengthen pensions, reduce health insurance costs by increasing state financing of non-insurance benefits, and expand private pension benefits, while also strengthening measures against ...
German Greens Propose Capital Market Investment for Pension and Healthcare Reform
Germany's Green Party's election program proposes a citizen's fund to invest in startups and growth companies to strengthen pensions, reduce health insurance costs by increasing state financing of non-insurance benefits, and expand private pension benefits, while also strengthening measures against ...
Progress
44% Bias Score
China Unveils Unprecedented Economic Stimulus Package for 2024
China's Central Economic Work Conference announced a proactive fiscal policy and moderately loose monetary policy for 2024 to boost economic growth by expanding domestic demand, prioritizing consumption and investment coordination, building on recent policy successes and aiming for long-term stabili...
China Unveils Unprecedented Economic Stimulus Package for 2024
China's Central Economic Work Conference announced a proactive fiscal policy and moderately loose monetary policy for 2024 to boost economic growth by expanding domestic demand, prioritizing consumption and investment coordination, building on recent policy successes and aiming for long-term stabili...
Progress
44% Bias Score
SPD's Election Platform: Tax Cuts, Minimum Wage Hike, and Debt Brake Reform
The SPD's election platform focuses on reducing VAT on food to 5%, implementing a wealth tax on assets over €100 million, raising the minimum wage to €15 by 2026, and reforming the debt brake for increased investments.
SPD's Election Platform: Tax Cuts, Minimum Wage Hike, and Debt Brake Reform
The SPD's election platform focuses on reducing VAT on food to 5%, implementing a wealth tax on assets over €100 million, raising the minimum wage to €15 by 2026, and reforming the debt brake for increased investments.
Progress
44% Bias Score
Moody's Downgrades France's Credit Rating, Posing Challenge to Bayrou Government
Moody's downgraded France's credit rating, posing a challenge to Prime Minister François Bayrou's efforts to consolidate public finances amid potential market instability, following a similar downgrade by Standard & Poor's six months prior.
Moody's Downgrades France's Credit Rating, Posing Challenge to Bayrou Government
Moody's downgraded France's credit rating, posing a challenge to Prime Minister François Bayrou's efforts to consolidate public finances amid potential market instability, following a similar downgrade by Standard & Poor's six months prior.
Progress
52% Bias Score
Lindner Calls for Disruptive Policy Shift in Germany
Christian Lindner, advocating for drastic policy changes in Germany, cites alarming reports on climate change, biodiversity loss, and global inequality, urging immediate and comprehensive action to maintain the country's prosperity and future.
Lindner Calls for Disruptive Policy Shift in Germany
Christian Lindner, advocating for drastic policy changes in Germany, cites alarming reports on climate change, biodiversity loss, and global inequality, urging immediate and comprehensive action to maintain the country's prosperity and future.
Progress
56% Bias Score
Fed to Announce Final 2024 Rate Decision on December 18
The Federal Reserve will announce its final interest rate decision of 2024 on December 18 at 2 p.m. ET, with economists widely predicting a 0.25 percentage point cut; however, the incoming Trump administration's potentially inflationary policies could impact future rate decisions.
Fed to Announce Final 2024 Rate Decision on December 18
The Federal Reserve will announce its final interest rate decision of 2024 on December 18 at 2 p.m. ET, with economists widely predicting a 0.25 percentage point cut; however, the incoming Trump administration's potentially inflationary policies could impact future rate decisions.
Progress
36% Bias Score
Mexico Launches Large-Scale Medicine Purchase to Combat Shortages
The Mexican government announced a two-year, 135 billion-peso bulk purchase of medicines to address chronic shortages, involving direct negotiations with pharmaceutical companies, digital inventory management, and adjustments to distribution.
Mexico Launches Large-Scale Medicine Purchase to Combat Shortages
The Mexican government announced a two-year, 135 billion-peso bulk purchase of medicines to address chronic shortages, involving direct negotiations with pharmaceutical companies, digital inventory management, and adjustments to distribution.
Progress
40% Bias Score
Trump's USMCA Renegotiation: Economic and Geopolitical Ramifications
President-elect Trump plans to renegotiate the USMCA trade deal, potentially altering rules impacting the automotive industry and trade deficit with Canada and Mexico, possibly using the deal as leverage to address immigration and national security.
Trump's USMCA Renegotiation: Economic and Geopolitical Ramifications
President-elect Trump plans to renegotiate the USMCA trade deal, potentially altering rules impacting the automotive industry and trade deficit with Canada and Mexico, possibly using the deal as leverage to address immigration and national security.
Progress
40% Bias Score
Greek Opposition Condemns Budget, Accuses Government of Mismanagement
The leader of New Left in Greece vehemently criticized the government's budget, accusing it of harming citizens' lives and promoting growth that benefits select businesses while neglecting social welfare. The party voted against the budget and defense spending, expressing concern over the country's ...
Greek Opposition Condemns Budget, Accuses Government of Mismanagement
The leader of New Left in Greece vehemently criticized the government's budget, accusing it of harming citizens' lives and promoting growth that benefits select businesses while neglecting social welfare. The party voted against the budget and defense spending, expressing concern over the country's ...
Progress
52% Bias Score
Germany Passes Last-Minute Tax Cut Amidst Coalition Instability
Germany's fragile coalition government passed a last-minute tax cut and increased child benefits before potential early elections, facing challenges from the CDU/CSU opposition and navigating potential constitutional changes regarding the debt brake and social welfare.
Germany Passes Last-Minute Tax Cut Amidst Coalition Instability
Germany's fragile coalition government passed a last-minute tax cut and increased child benefits before potential early elections, facing challenges from the CDU/CSU opposition and navigating potential constitutional changes regarding the debt brake and social welfare.
Progress
40% Bias Score