30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
Progress
48% Bias Score
Fed Holds Steady on Rates in January, More Cuts Expected in 2025
The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.
Fed Holds Steady on Rates in January, More Cuts Expected in 2025
The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.
Progress
40% Bias Score
U.S. Job Market Shifts from "Great Resignation" to "Great Stay
The U.S. job market has transitioned from the "Great Resignation" to the "Great Stay," with low hiring, quits, and layoffs, primarily due to employer reluctance to lay off workers and reduced hiring stemming from the Federal Reserve's interest rate hikes to curb inflation.
U.S. Job Market Shifts from "Great Resignation" to "Great Stay
The U.S. job market has transitioned from the "Great Resignation" to the "Great Stay," with low hiring, quits, and layoffs, primarily due to employer reluctance to lay off workers and reduced hiring stemming from the Federal Reserve's interest rate hikes to curb inflation.
Progress
44% Bias Score
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate fluctuated between 6.07% and 7.22% in 2024, closing at 6.60%, with anticipated future decreases; however, refinancing's viability depends on individual circumstances, including credit score, home equity, and planned residency duration.
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate fluctuated between 6.07% and 7.22% in 2024, closing at 6.60%, with anticipated future decreases; however, refinancing's viability depends on individual circumstances, including credit score, home equity, and planned residency duration.
Progress
44% Bias Score
Bitcoin Hits Record High, Then Drops After Fed Rate Cut
Bitcoin prices surged to over $108,000 on December 17th due to anticipated Fed rate cuts and reduced exchange supply, then fell to $92,000 by December 20th after smaller-than-expected rate cuts prompted sell-offs and market liquidations.
Bitcoin Hits Record High, Then Drops After Fed Rate Cut
Bitcoin prices surged to over $108,000 on December 17th due to anticipated Fed rate cuts and reduced exchange supply, then fell to $92,000 by December 20th after smaller-than-expected rate cuts prompted sell-offs and market liquidations.
Progress
40% Bias Score
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Progress
48% Bias Score
Bitcoin Price Plunges Amidst Monetary Policy Concerns
Bitcoin's price has dropped to approximately $90,000 from over $100,000 due to the Federal Reserve's monetary policy and a predicted $4.1 trillion decrease in the global money supply, potentially causing a further fall to $20,000 according to analysts.
Bitcoin Price Plunges Amidst Monetary Policy Concerns
Bitcoin's price has dropped to approximately $90,000 from over $100,000 due to the Federal Reserve's monetary policy and a predicted $4.1 trillion decrease in the global money supply, potentially causing a further fall to $20,000 according to analysts.
Progress
68% Bias Score
Trump's Return to Power: 2025 US Economic Outlook
President-elect Trump's return to the White House in 2025 will bring significant changes to U.S. economic policy, including potential tax reforms, deregulation, and tariffs, impacting global markets and requiring investors to adjust portfolios.
Trump's Return to Power: 2025 US Economic Outlook
President-elect Trump's return to the White House in 2025 will bring significant changes to U.S. economic policy, including potential tax reforms, deregulation, and tariffs, impacting global markets and requiring investors to adjust portfolios.
Progress
48% Bias Score
Fed Rate Cut Impacts CD Strategies for Savers
The Federal Reserve's 0.25 percentage point interest rate cut on Wednesday brings the federal funds rate to 4.25%-4.50%, impacting savers' CD strategies; long-term CDs offer fixed rates while short-term CDs offer higher initial returns but are subject to future decreases.
Fed Rate Cut Impacts CD Strategies for Savers
The Federal Reserve's 0.25 percentage point interest rate cut on Wednesday brings the federal funds rate to 4.25%-4.50%, impacting savers' CD strategies; long-term CDs offer fixed rates while short-term CDs offer higher initial returns but are subject to future decreases.
Progress
48% Bias Score
Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook
The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.
Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook
The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.
Progress
40% Bias Score
Fed's Rate Projection Shakes Global Markets
The Federal Reserve's projection of fewer rate cuts in 2025 triggered market turmoil, strengthening the dollar and potentially influencing global central banks; markets reacted with mixed results, while a potential US government shutdown looms.
Fed's Rate Projection Shakes Global Markets
The Federal Reserve's projection of fewer rate cuts in 2025 triggered market turmoil, strengthening the dollar and potentially influencing global central banks; markets reacted with mixed results, while a potential US government shutdown looms.
Progress
52% Bias Score
Fed's Cautious Rate Cuts Signal End of Trump-Market Honeymoon
The Federal Reserve's slower-than-expected interest rate cuts in 2025, driven by concerns over inflation stemming from Trump's tariff and immigration policies, caused Wall Street to decline and the dollar to strengthen, signaling a potential end to the honeymoon period between markets and the incomi...
Fed's Cautious Rate Cuts Signal End of Trump-Market Honeymoon
The Federal Reserve's slower-than-expected interest rate cuts in 2025, driven by concerns over inflation stemming from Trump's tariff and immigration policies, caused Wall Street to decline and the dollar to strengthen, signaling a potential end to the honeymoon period between markets and the incomi...
Progress
44% Bias Score