Tag #Inflation

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Record US Retail Store Closures in 2024

Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.

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52% Bias Score

Reduced Inequality
theglobeandmail.com
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US Stock Futures Rise on New Year's Trading Day

US stock index futures rose in premarket trading on January 2, 2025, driven by hopes for economic growth under a new administration and further interest rate cuts, despite concerns about inflation and potential trade wars.

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40% Bias Score

Decent Work and Economic Growth
cnn.com
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Mortgage Rates Hit Six-Month High at Nearly 7%, Hampering Housing Market

Thirty-year fixed-rate mortgages averaged nearly 7% the week ending January 2, 2025, the highest level in six months, driven by rising 10-year Treasury yields despite recent Fed rate cuts, leading to decreased mortgage applications and persistent affordability challenges.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
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Gold IRAs: A Smart Investment Strategy for 2025

High inflation (2.7%) and stock market volatility make gold IRAs an attractive investment in 2025, offering inflation protection, portfolio diversification, and tax benefits.

Progress

52% Bias Score

Reduced Inequality
edition.cnn.com
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Wall Street Forecasts 14.8% S\u0026P 500 Growth in 2025 Amidst Uncertainty

Wall Street analysts predict a 14.8% rise in the S\u0026P 500 in 2025, driven by economic growth and a business-friendly administration, but face uncertainties due to potential tariffs, inflation, and geopolitical risks.

Progress

40% Bias Score

Decent Work and Economic Growth
cnn.com
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Moderate Stock Market Growth Predicted for 2025

Wall Street analysts forecast a 14.8% increase in the S&P 500 for 2025, driven by economic growth and a business-friendly administration, but warn of potential downsides from tariffs, inflation, and geopolitical risks.

Progress

32% Bias Score

Decent Work and Economic Growth
china.org.cn
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Record U.S. Credit Card Defaults Signal Economic Slowdown

U.S. credit card defaults reached a 14-year high in 2024, with \$46 billion in delinquent loans written off during the first nine months—a 50 percent increase year-over-year—primarily impacting low-income households struggling with inflation and high interest rates, potentially slowing economic grow...

Progress

40% Bias Score

No Poverty
t24.com.tr
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Turkey's 2024 Economic Challenges: High Inflation and Policy Failures

In 2024, Turkey's economy faced significant challenges due to a post-election shift in economic policies. Despite promises of rational policies, inflation control fell mainly on the Central Bank, leading to high interest rates and limited fiscal policy reforms. High interest rates proved unsustainab...

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48% Bias Score

Reduced Inequality
theguardian.com
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Labour's Long-Term Economic Strategy Amidst Stagnant Growth

The UK faces stagnant growth, with zero quarterly growth reported, planned hiring cuts, and inflation concerns. However, the Labour government is pursuing a multi-pronged economic strategy involving increased infrastructure investment, private sector engagement, productivity improvements, and workfo...

Progress

44% Bias Score

Decent Work and Economic Growth
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US Economy Defies Recession in 2024, Faces Uncertainties in 2025

Despite high inflation and interest rates in 2024, the US economy defied recession predictions due to strong consumer spending, and enters 2025 with optimism tempered by potential risks from the incoming Trump administration's policies and external factors.

Progress

48% Bias Score

Decent Work and Economic Growth
elpais.com
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Regional Disparities Mark Spain's 2024 Housing Crisis

Spain's 2024 housing crisis saw Balearic Islands lead price increases (10.8%), contrasting with Navarra's 0.4% rise, amidst nationwide protests; Soria province saw the highest increase (15.3%), while some areas experienced price drops, highlighting regional disparities.

Progress

40% Bias Score

Reduced Inequality
theguardian.com
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Global Markets Rise Despite Year-End Jitters

In 2024, global stock markets rose due to falling inflation and robust US economic growth, but year-end saw rising bond yields and market jitters; the US tech sector boomed, with Nvidia leading the way, while the UK and European markets performed more modestly.

Progress

44% Bias Score

Decent Work and Economic Growth