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
Robust U.S. Consumer Spending Prompts Fed to Revise Interest Rate Projections
U.S. consumer spending rose 0.4% in November, exceeding expectations and driven by increased purchases of vehicles and various services; inflation remained moderate, prompting the Federal Reserve to project fewer interest rate cuts in 2025.
Robust U.S. Consumer Spending Prompts Fed to Revise Interest Rate Projections
U.S. consumer spending rose 0.4% in November, exceeding expectations and driven by increased purchases of vehicles and various services; inflation remained moderate, prompting the Federal Reserve to project fewer interest rate cuts in 2025.
Progress
36% Bias Score
Cramer Blames Unmet Expectations for Market Downturn
Jim Cramer attributed recent market declines, including the Dow's first 10-day losing streak since 1974, to unmet expectations and overly aggressive guidance from companies like Micron and the Federal Reserve, whose rate cut announcement disappointed investors.
Cramer Blames Unmet Expectations for Market Downturn
Jim Cramer attributed recent market declines, including the Dow's first 10-day losing streak since 1974, to unmet expectations and overly aggressive guidance from companies like Micron and the Federal Reserve, whose rate cut announcement disappointed investors.
Progress
40% Bias Score
U.S. Steel Stock Plunges on Lowered Guidance
U.S. Steel's stock fell 4% in after-hours trading after the company lowered its fourth-quarter guidance due to low steel prices and high costs, adding to its 35% decline in 2024 and raising concerns about a proposed buyout from Nippon Steel; Nike's stock was initially up 9% after hours but fell back...
U.S. Steel Stock Plunges on Lowered Guidance
U.S. Steel's stock fell 4% in after-hours trading after the company lowered its fourth-quarter guidance due to low steel prices and high costs, adding to its 35% decline in 2024 and raising concerns about a proposed buyout from Nippon Steel; Nike's stock was initially up 9% after hours but fell back...
Progress
24% Bias Score
Fed's Inflation Concerns Trigger Stock Market Plunge
Major US stock indices experienced significant declines Wednesday after the Federal Reserve indicated a slower pace of interest rate cuts for 2025 than previously expected, citing concerns about inflation remaining above the 2% target into 2026. The S&P 500 fell 2.4%, the Nasdaq Composite dropped ne...
Fed's Inflation Concerns Trigger Stock Market Plunge
Major US stock indices experienced significant declines Wednesday after the Federal Reserve indicated a slower pace of interest rate cuts for 2025 than previously expected, citing concerns about inflation remaining above the 2% target into 2026. The S&P 500 fell 2.4%, the Nasdaq Composite dropped ne...
Progress
44% Bias Score
Dow Plunges 1,123 Points After Fed's Hawkish Rate Cut
The Dow Jones Industrial Average fell 1,123 points (2.6%) on Wednesday, extending its losing streak to 10 days due to the Federal Reserve's announcement of only two projected interest rate cuts in 2025, defying market expectations for four and indicating tighter monetary policy.
Dow Plunges 1,123 Points After Fed's Hawkish Rate Cut
The Dow Jones Industrial Average fell 1,123 points (2.6%) on Wednesday, extending its losing streak to 10 days due to the Federal Reserve's announcement of only two projected interest rate cuts in 2025, defying market expectations for four and indicating tighter monetary policy.
Progress
44% Bias Score
Market Volatility Amidst Fed Decision and Corporate Actions
December 20th's market saw initial losses followed by a slight recovery after a less-than-expected inflation report; the Fed's interest rate decision and corporate actions influenced market volatility.
Market Volatility Amidst Fed Decision and Corporate Actions
December 20th's market saw initial losses followed by a slight recovery after a less-than-expected inflation report; the Fed's interest rate decision and corporate actions influenced market volatility.
Progress
52% Bias Score
US Inflation Slows, but Fed Remains Cautious Amidst Economic Uncertainty
The November PCE price index rose 2.4% year-over-year and 0.1% month-over-month, lower than economists' projections, indicating a slower inflation pace despite uncertainty around future economic policies and global events.
US Inflation Slows, but Fed Remains Cautious Amidst Economic Uncertainty
The November PCE price index rose 2.4% year-over-year and 0.1% month-over-month, lower than economists' projections, indicating a slower inflation pace despite uncertainty around future economic policies and global events.
Progress
32% Bias Score
US Stock Futures Steady Ahead of Key Inflation Data
US stock futures were mostly unchanged Thursday evening, awaiting Friday's release of the key PCE inflation data, expected to show a rise above the Fed's 2% target; however, FedEx and Nike surged after reporting strong quarterly earnings.
US Stock Futures Steady Ahead of Key Inflation Data
US stock futures were mostly unchanged Thursday evening, awaiting Friday's release of the key PCE inflation data, expected to show a rise above the Fed's 2% target; however, FedEx and Nike surged after reporting strong quarterly earnings.
Progress
32% Bias Score
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
Progress
36% Bias Score
Fed's Reduced Rate Cut Projections Trigger Sharp Stock Market Decline
On December 18th, 2024, U.S. stocks plummeted due to the Federal Reserve's announcement of fewer-than-expected interest rate cuts in 2025, despite cutting rates for the third time this year. The S&P 500 fell 3%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
Fed's Reduced Rate Cut Projections Trigger Sharp Stock Market Decline
On December 18th, 2024, U.S. stocks plummeted due to the Federal Reserve's announcement of fewer-than-expected interest rate cuts in 2025, despite cutting rates for the third time this year. The S&P 500 fell 3%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
Progress
52% Bias Score
Fed Cuts Interest Rates for Third Time, Despite Strong Economy
The Federal Reserve implemented a 0.25 percentage point interest rate cut on Wednesday, lowering the benchmark rate to 4.25%-4.5%, marking the third such reduction since September in an attempt to balance economic growth with elevated inflation; however, one official dissented.
Fed Cuts Interest Rates for Third Time, Despite Strong Economy
The Federal Reserve implemented a 0.25 percentage point interest rate cut on Wednesday, lowering the benchmark rate to 4.25%-4.5%, marking the third such reduction since September in an attempt to balance economic growth with elevated inflation; however, one official dissented.
Progress
48% Bias Score