US Inflation Rises to 2.9% in December
US inflation rose to 2.9% in December 2024, exceeding the Federal Reserve's target, driven by higher food and energy prices; however, economists predict a return to lower inflation in 2025, with the caveat that President-elect Trump's policies could reverse this trend.
US Inflation Rises to 2.9% in December
US inflation rose to 2.9% in December 2024, exceeding the Federal Reserve's target, driven by higher food and energy prices; however, economists predict a return to lower inflation in 2025, with the caveat that President-elect Trump's policies could reverse this trend.
Progress
44% Bias Score
Wholesale Inflation Up 0.2% in December, Driven by Energy Prices
U.S. wholesale inflation rose 0.2% in December due to higher energy prices, particularly a 9.7% increase in gasoline, while food prices fell 0.1%; the year-over-year increase reached 3.3%, exceeding forecasts and boosting U.S. markets.
Wholesale Inflation Up 0.2% in December, Driven by Energy Prices
U.S. wholesale inflation rose 0.2% in December due to higher energy prices, particularly a 9.7% increase in gasoline, while food prices fell 0.1%; the year-over-year increase reached 3.3%, exceeding forecasts and boosting U.S. markets.
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44% Bias Score
10-Year Treasury Yields Remain High Despite Fed Rate Cuts
Investors face a choice between higher-yielding but volatile cash alternatives and the fixed, albeit potentially lower, yield of 10-year Treasuries; the discrepancy stems from market inflation expectations influencing long-term rates, impacting mortgages and stocks despite the Fed's short-term rate ...
10-Year Treasury Yields Remain High Despite Fed Rate Cuts
Investors face a choice between higher-yielding but volatile cash alternatives and the fixed, albeit potentially lower, yield of 10-year Treasuries; the discrepancy stems from market inflation expectations influencing long-term rates, impacting mortgages and stocks despite the Fed's short-term rate ...
Progress
36% Bias Score
Bitcoin Plunges Below $91,000 Amidst Concerns of Market Crash
Bitcoin's price plummeted below $91,000, down from a post-Trump election high of almost $110,000, as positive economic news decreases the chance of Federal Reserve interest rate cuts, raising concerns about a market crash below the key $3.2 trillion level.
Bitcoin Plunges Below $91,000 Amidst Concerns of Market Crash
Bitcoin's price plummeted below $91,000, down from a post-Trump election high of almost $110,000, as positive economic news decreases the chance of Federal Reserve interest rate cuts, raising concerns about a market crash below the key $3.2 trillion level.
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52% Bias Score
Robust December Jobs Report Eliminates Fed Rate Cut Expectations
The December 2024 jobs report showed unexpectedly strong employment growth of 256,000 nonfarm jobs, exceeding expectations and leading to a rise in bond yields and a decline in stock prices due to reduced expectations of Federal Reserve rate cuts.
Robust December Jobs Report Eliminates Fed Rate Cut Expectations
The December 2024 jobs report showed unexpectedly strong employment growth of 256,000 nonfarm jobs, exceeding expectations and leading to a rise in bond yields and a decline in stock prices due to reduced expectations of Federal Reserve rate cuts.
Progress
36% Bias Score
Strong Job Growth Fuels Market Concerns Amidst Rising Yields
Stronger-than-expected job growth in December (256,000 jobs, exceeding forecasts by 100,000) caused a 1.5% drop in the S&P 500 on Friday, due to concerns about the sustainability of economic growth given rising bond yields and Federal Reserve actions.
Strong Job Growth Fuels Market Concerns Amidst Rising Yields
Stronger-than-expected job growth in December (256,000 jobs, exceeding forecasts by 100,000) caused a 1.5% drop in the S&P 500 on Friday, due to concerns about the sustainability of economic growth given rising bond yields and Federal Reserve actions.
Progress
24% Bias Score
US Market Dip Despite Positive Inflation Data
US indexes fell despite positive inflation data, with Eli Lilly dropping 7.4 percent and Nvidia 1.8 percent, while the Australian sharemarket is set to rise 0.1 percent.
US Market Dip Despite Positive Inflation Data
US indexes fell despite positive inflation data, with Eli Lilly dropping 7.4 percent and Nvidia 1.8 percent, while the Australian sharemarket is set to rise 0.1 percent.
Progress
44% Bias Score
Tech Stock Slump Weighs on US Markets Amid Inflation Concerns
Weakening tech stocks, particularly Nvidia, Apple, and Microsoft, dragged down the S&P 500 and Nasdaq, while the Dow rose; concerns about the Federal Reserve's interest rate policy and persistent inflation are contributing factors; the Australian market anticipates a positive open.
Tech Stock Slump Weighs on US Markets Amid Inflation Concerns
Weakening tech stocks, particularly Nvidia, Apple, and Microsoft, dragged down the S&P 500 and Nasdaq, while the Dow rose; concerns about the Federal Reserve's interest rate policy and persistent inflation are contributing factors; the Australian market anticipates a positive open.
Progress
44% Bias Score
Stock Market Sell-Off Fueled by Strong Jobs Report, Analysts Predict Further Decline
Friday's stock market experienced a significant sell-off, with the Dow Jones Industrial Average falling nearly 700 points (more than 1.6%), driven by a strong jobs report fueling concerns about the Federal Reserve's interest rate cuts. This drop pushed major averages below their 50-day moving averag...
Stock Market Sell-Off Fueled by Strong Jobs Report, Analysts Predict Further Decline
Friday's stock market experienced a significant sell-off, with the Dow Jones Industrial Average falling nearly 700 points (more than 1.6%), driven by a strong jobs report fueling concerns about the Federal Reserve's interest rate cuts. This drop pushed major averages below their 50-day moving averag...
Progress
44% Bias Score
Bitcoin Price Drops After Reaching $100,000 Amid Stagflation Fears
Bitcoin's price has dropped after reaching over $100,000, amid concerns about a potential market crash and the Federal Reserve's response to inflation and a strong jobs report; analysts warn of stagflation, which could ironically boost Bitcoin.
Bitcoin Price Drops After Reaching $100,000 Amid Stagflation Fears
Bitcoin's price has dropped after reaching over $100,000, amid concerns about a potential market crash and the Federal Reserve's response to inflation and a strong jobs report; analysts warn of stagflation, which could ironically boost Bitcoin.
Progress
48% Bias Score
Bitcoin Price Plunges Below $92,000 After Strong Jobs Report
Robust U.S. jobs data unexpectedly increased, causing Bitcoin to drop to approximately $92,000 due to reduced expectations of Federal Reserve interest rate cuts and increased bond yields, resulting in over $1 billion in liquidations, while some analysts remain bullish on Bitcoin's long-term prospect...
Bitcoin Price Plunges Below $92,000 After Strong Jobs Report
Robust U.S. jobs data unexpectedly increased, causing Bitcoin to drop to approximately $92,000 due to reduced expectations of Federal Reserve interest rate cuts and increased bond yields, resulting in over $1 billion in liquidations, while some analysts remain bullish on Bitcoin's long-term prospect...
Progress
56% Bias Score
US Unemployment Rate Falls to 4.1% in December, Exceeding Expectations
The US unemployment rate fell to 4.1% in December, exceeding expectations, with notable decreases for Black women (to 5.4%) and Black men (to 5.6%), potentially influencing Federal Reserve interest rate decisions. Nonfarm payrolls grew by 256,000 jobs.
US Unemployment Rate Falls to 4.1% in December, Exceeding Expectations
The US unemployment rate fell to 4.1% in December, exceeding expectations, with notable decreases for Black women (to 5.4%) and Black men (to 5.6%), potentially influencing Federal Reserve interest rate decisions. Nonfarm payrolls grew by 256,000 jobs.
Progress
32% Bias Score