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
Christmas Dinner Costs Less in 2024 Despite Root Vegetable Price Rises
A family Christmas dinner will cost £31.66 in 2024, down from £32.18 in 2023, due to lower turkey and sprout prices, despite increases in root vegetables caused by wet weather delaying planting. Aldi is the cheapest supermarket option.
Christmas Dinner Costs Less in 2024 Despite Root Vegetable Price Rises
A family Christmas dinner will cost £31.66 in 2024, down from £32.18 in 2023, due to lower turkey and sprout prices, despite increases in root vegetables caused by wet weather delaying planting. Aldi is the cheapest supermarket option.
Progress
32% Bias Score
Egg Prices Soar, Driving Up Grocery Costs
Due to avian flu, drought, and other factors, egg prices jumped 40% in some regions and 8.2% nationwide in November, causing the largest monthly grocery price increase since January 2023.
Egg Prices Soar, Driving Up Grocery Costs
Due to avian flu, drought, and other factors, egg prices jumped 40% in some regions and 8.2% nationwide in November, causing the largest monthly grocery price increase since January 2023.
Progress
40% Bias Score
UK GDP Shrinks for Second Month, Undermining Economic Growth Pledges
Britain's GDP unexpectedly fell by 0.1% in October, marking the second consecutive month of contraction and challenging the government's economic growth pledges; farmers protested budget changes, while energy price cap predictions rose, and rail ticket-buying advice was offered.
UK GDP Shrinks for Second Month, Undermining Economic Growth Pledges
Britain's GDP unexpectedly fell by 0.1% in October, marking the second consecutive month of contraction and challenging the government's economic growth pledges; farmers protested budget changes, while energy price cap predictions rose, and rail ticket-buying advice was offered.
Progress
56% Bias Score
2025 Mortgage Rates Projected Above 6%, Posing Affordability Challenges
Multiple economists forecast 2025 average 30-year mortgage rates to remain above 6%, ranging from 6% to 6.8%, influenced by President-elect Trump's potential policies impacting inflation and the national debt, creating affordability challenges for homebuyers despite increased home inventory.
2025 Mortgage Rates Projected Above 6%, Posing Affordability Challenges
Multiple economists forecast 2025 average 30-year mortgage rates to remain above 6%, ranging from 6% to 6.8%, influenced by President-elect Trump's potential policies impacting inflation and the national debt, creating affordability challenges for homebuyers despite increased home inventory.
Progress
40% Bias Score
Soaring Butter Prices Hit German Christmas Baking
German butter prices increased by 38.9% year-on-year in November 2023, impacting Christmas baking costs; coffee prices are at a 50-year high due to climate change; overall food inflation slowed but remains a concern for the European Central Bank.
Soaring Butter Prices Hit German Christmas Baking
German butter prices increased by 38.9% year-on-year in November 2023, impacting Christmas baking costs; coffee prices are at a 50-year high due to climate change; overall food inflation slowed but remains a concern for the European Central Bank.
Progress
40% Bias Score
US Retail Store Closures Surge 58% in 2024
In 2024, 7,308 US retail stores closed, exceeding openings by 1,427, a 58% increase from 2023; 49 retailers filed for bankruptcy, highlighting economic pressures, online competition, and internal challenges faced by some struggling chains.
US Retail Store Closures Surge 58% in 2024
In 2024, 7,308 US retail stores closed, exceeding openings by 1,427, a 58% increase from 2023; 49 retailers filed for bankruptcy, highlighting economic pressures, online competition, and internal challenges faced by some struggling chains.
Progress
48% Bias Score
Fed to Cut Rates Despite Sticky Inflation
The Federal Reserve is likely to cut interest rates by 0.25% on Wednesday, balancing concerns about sticky inflation (CPI 2.7%, PPI 3.0%) with a softening labor market (unemployment rate at 4.2%) and the belief that monetary policy remains restrictive despite 3.3% GDP growth. The decision will be fo...
Fed to Cut Rates Despite Sticky Inflation
The Federal Reserve is likely to cut interest rates by 0.25% on Wednesday, balancing concerns about sticky inflation (CPI 2.7%, PPI 3.0%) with a softening labor market (unemployment rate at 4.2%) and the belief that monetary policy remains restrictive despite 3.3% GDP growth. The decision will be fo...
Progress
32% Bias Score
Russia Considers Nationwide Food Assistance Program Amidst High Inflation
Russia's State Duma considers expanding food assistance programs nationwide due to high inflation disproportionately affecting low-income families, with existing regional programs and international models informing the proposal.
Russia Considers Nationwide Food Assistance Program Amidst High Inflation
Russia's State Duma considers expanding food assistance programs nationwide due to high inflation disproportionately affecting low-income families, with existing regional programs and international models informing the proposal.
Progress
40% Bias Score
PenCom Addresses Inflation Impact on Nigerian Pension Funds
Nigeria's National Pension Commission (PenCom) projects N22 trillion in pension assets by year-end, but is reviewing investment regulations and rebranding its micro-pension scheme to address inflation, currency devaluation, and low informal sector participation.
PenCom Addresses Inflation Impact on Nigerian Pension Funds
Nigeria's National Pension Commission (PenCom) projects N22 trillion in pension assets by year-end, but is reviewing investment regulations and rebranding its micro-pension scheme to address inflation, currency devaluation, and low informal sector participation.
Progress
44% Bias Score
Rising Inflation Spurs Investor Concerns, Increasing Interest in Gold
US inflation rose 2.7% in November, marking the second consecutive monthly increase after a period of cooling inflation, prompting concerns among investors and consumers about the potential impact on their finances and portfolios, leading some to consider gold as a hedge against inflation.
Rising Inflation Spurs Investor Concerns, Increasing Interest in Gold
US inflation rose 2.7% in November, marking the second consecutive monthly increase after a period of cooling inflation, prompting concerns among investors and consumers about the potential impact on their finances and portfolios, leading some to consider gold as a hedge against inflation.
Progress
56% Bias Score
Russia Raises Minimum Wage, Increasing Salaries for Millions
Russia's minimum wage will rise 16.6% to 22,440 rubles in 2025, boosting the salaries of 4 million budget sector employees by 13.2% from January 1st and 1.7 million in the real sector, exceeding inflation (8.9%) and impacting various social benefits.
Russia Raises Minimum Wage, Increasing Salaries for Millions
Russia's minimum wage will rise 16.6% to 22,440 rubles in 2025, boosting the salaries of 4 million budget sector employees by 13.2% from January 1st and 1.7 million in the real sector, exceeding inflation (8.9%) and impacting various social benefits.
Progress
32% Bias Score