Wall Street Plunges on Fed's Slower Rate Cut Projections and Inflation Concerns
On December 18th, Wall Street plummeted, with the S&P 500 down 2.95% and Nasdaq down 3.56%, primarily due to the Federal Reserve's slower-than-expected interest rate cut projections and persistent inflation concerns exacerbated by potential policy changes under a Trump administration.
Wall Street Plunges on Fed's Slower Rate Cut Projections and Inflation Concerns
On December 18th, Wall Street plummeted, with the S&P 500 down 2.95% and Nasdaq down 3.56%, primarily due to the Federal Reserve's slower-than-expected interest rate cut projections and persistent inflation concerns exacerbated by potential policy changes under a Trump administration.
Progress
48% 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
Dow Suffers Longest Daily Decline Since 1974 Amidst Fed Rate Uncertainty
On Wednesday, the Dow Jones Industrial Average plummeted 2.6%, marking its steepest single-day fall since 1974, extending its losing streak to ten days and leading to significant drops across other major indices; this followed the Fed's revised 2025 interest rate projections and fueled concerns over...
Dow Suffers Longest Daily Decline Since 1974 Amidst Fed Rate Uncertainty
On Wednesday, the Dow Jones Industrial Average plummeted 2.6%, marking its steepest single-day fall since 1974, extending its losing streak to ten days and leading to significant drops across other major indices; this followed the Fed's revised 2025 interest rate projections and fueled concerns over...
Progress
44% Bias Score
New Zealand Enters Recession as GDP Plunges 1.0%
New Zealand's economy experienced a sharper-than-expected 1.0% GDP contraction in the September quarter, marking a recession and prompting predictions of further interest rate cuts by the Reserve Bank of New Zealand, amid government concerns over the central bank's role.
New Zealand Enters Recession as GDP Plunges 1.0%
New Zealand's economy experienced a sharper-than-expected 1.0% GDP contraction in the September quarter, marking a recession and prompting predictions of further interest rate cuts by the Reserve Bank of New Zealand, amid government concerns over the central bank's role.
Progress
44% Bias Score
Global Markets Tumble Following US Rate Cut
European markets fell 1% following US Federal Reserve rate cuts and declines in Asian and US markets; the Bank of England is expected to keep interest rates unchanged at 4.75%; the Japanese yen fell to a four-week low, while the Euro and British Pound strengthened against the dollar.
Global Markets Tumble Following US Rate Cut
European markets fell 1% following US Federal Reserve rate cuts and declines in Asian and US markets; the Bank of England is expected to keep interest rates unchanged at 4.75%; the Japanese yen fell to a four-week low, while the Euro and British Pound strengthened against the dollar.
Progress
40% Bias Score
Fed Rate Cut Disappoints Markets, Triggering Sharp Sell-Off
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, reducing its target range to 4.25%-4.5%, while revising its 2025 rate cut projections from four to two; this triggered a sharp sell-off in U.S. markets, which continued into Asia-Pacific markets; the Bank of Japan hel...
Fed Rate Cut Disappoints Markets, Triggering Sharp Sell-Off
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, reducing its target range to 4.25%-4.5%, while revising its 2025 rate cut projections from four to two; this triggered a sharp sell-off in U.S. markets, which continued into Asia-Pacific markets; the Bank of Japan hel...
Progress
48% 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
Fed Rate Cut Causes Market Plunge Amid Inflation Concerns
The Federal Reserve cut interest rates by 0.25 percentage points, defying market expectations by causing a nearly 3% stock market drop, and pushing the Australian dollar to two-year lows against the US dollar due to stronger-than-anticipated economic growth and persistent inflation.
Fed Rate Cut Causes Market Plunge Amid Inflation Concerns
The Federal Reserve cut interest rates by 0.25 percentage points, defying market expectations by causing a nearly 3% stock market drop, and pushing the Australian dollar to two-year lows against the US dollar due to stronger-than-anticipated economic growth and persistent inflation.
Progress
52% Bias Score
Fed Rate Cut Weakens Yuan, Hong Kong Mirrors Move
The U.S. Federal Reserve cut its key interest rate by 25 basis points, causing the offshore yuan to weaken to 7.3218 against the dollar; the Hong Kong Monetary Authority also reduced its base rate by 25 basis points to 4.75%; China maintained its loan prime rates, while the market anticipates furthe...
Fed Rate Cut Weakens Yuan, Hong Kong Mirrors Move
The U.S. Federal Reserve cut its key interest rate by 25 basis points, causing the offshore yuan to weaken to 7.3218 against the dollar; the Hong Kong Monetary Authority also reduced its base rate by 25 basis points to 4.75%; China maintained its loan prime rates, while the market anticipates furthe...
Progress
32% Bias Score
Fed Rate Cut Triggers Market Sell-Off Despite Lower Borrowing Costs
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, but the Dow Jones Industrial Average dropped over 1000 points due to the Fed's revised dot plot indicating only two rate reductions expected in 2025, fewer than previously anticipated. This caused disappointment among...
Fed Rate Cut Triggers Market Sell-Off Despite Lower Borrowing Costs
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, but the Dow Jones Industrial Average dropped over 1000 points due to the Fed's revised dot plot indicating only two rate reductions expected in 2025, fewer than previously anticipated. This caused disappointment among...
Progress
40% Bias Score
Fed's Revised Rate Cut Projection Triggers Wall Street Sell-off
Wall Street experienced a sell-off after the Federal Reserve projected fewer rate cuts in 2025 than previously anticipated, causing major indexes to decline as investors adjusted to a less dovish outlook and higher inflation.
Fed's Revised Rate Cut Projection Triggers Wall Street Sell-off
Wall Street experienced a sell-off after the Federal Reserve projected fewer rate cuts in 2025 than previously anticipated, causing major indexes to decline as investors adjusted to a less dovish outlook and higher inflation.
Progress
44% Bias Score
Bank of England Holds Rates Amidst Inflation and Growth Concerns
The Bank of England's Monetary Policy Committee voted 6-3 to hold interest rates at 4.75% due to October's wage growth exceeding 5% and inflation reaching 2.6%, despite concerns about zero economic growth following Labour's budget and the risk of recession.
Bank of England Holds Rates Amidst Inflation and Growth Concerns
The Bank of England's Monetary Policy Committee voted 6-3 to hold interest rates at 4.75% due to October's wage growth exceeding 5% and inflation reaching 2.6%, despite concerns about zero economic growth following Labour's budget and the risk of recession.
Progress
48% Bias Score