Fed Cuts Rates, Signals Slower Pace of Future Reductions
The Federal Reserve reduced interest rates by a quarter-point for the third time, but projected only two more quarter-point rate cuts in 2025, reflecting a more cautious approach due to persistent inflation and economic uncertainty.
Fed Cuts Rates, Signals Slower Pace of Future Reductions
The Federal Reserve reduced interest rates by a quarter-point for the third time, but projected only two more quarter-point rate cuts in 2025, reflecting a more cautious approach due to persistent inflation and economic uncertainty.
Progress
44% Bias Score
NAB CEO Optimistic About 2025 Despite Legal Challenges and Fossil Fuel Financing Concerns
NAB CEO Andrew Irvine expressed confidence in Australia's economic outlook for 2025, citing interest rate cuts and a strong jobs market, while facing legal action for allegedly failing vulnerable customers and shareholders rejecting a resolution to curb fossil fuel financing.
NAB CEO Optimistic About 2025 Despite Legal Challenges and Fossil Fuel Financing Concerns
NAB CEO Andrew Irvine expressed confidence in Australia's economic outlook for 2025, citing interest rate cuts and a strong jobs market, while facing legal action for allegedly failing vulnerable customers and shareholders rejecting a resolution to curb fossil fuel financing.
Progress
48% Bias Score
UK Inflation Hits Highest Level Since March
UK inflation increased to 2.6% in November, the highest since March due to rising fuel prices, exceeding the Bank of England's 2% target and likely maintaining the current 4.75% interest rate.
UK Inflation Hits Highest Level Since March
UK inflation increased to 2.6% in November, the highest since March due to rising fuel prices, exceeding the Bank of England's 2% target and likely maintaining the current 4.75% interest rate.
Progress
36% Bias Score
KOSPI Jumps 1.12% on Foreign Investment in Tech Stocks
On December 18th, Seoul's KOSPI index increased by 1.12 percent to 2,484.43, boosted by foreign investors buying tech stocks after a two-day decline; the Korean won strengthened against the US dollar, and bond yields fell.
KOSPI Jumps 1.12% on Foreign Investment in Tech Stocks
On December 18th, Seoul's KOSPI index increased by 1.12 percent to 2,484.43, boosted by foreign investors buying tech stocks after a two-day decline; the Korean won strengthened against the US dollar, and bond yields fell.
Progress
40% Bias Score
UK Inflation Reaches Eight-Month High at 2.6 Percent
UK inflation hit a eight-month high of 2.6 percent in November, exceeding the Bank of England's 2 percent target, driven by transport costs, though services inflation remained steady at 5 percent, offering some relief to the central bank.
UK Inflation Reaches Eight-Month High at 2.6 Percent
UK inflation hit a eight-month high of 2.6 percent in November, exceeding the Bank of England's 2 percent target, driven by transport costs, though services inflation remained steady at 5 percent, offering some relief to the central bank.
Progress
32% Bias Score
UK House Prices Rise 3.4% Annually Despite Recent Regional Falls
UK house prices increased by £10,000 annually to £292,000 by October 2023, driven by lower mortgage rates, but recent price falls in some regions signal a potential slowdown due to rising inflation and interest rates.
UK House Prices Rise 3.4% Annually Despite Recent Regional Falls
UK house prices increased by £10,000 annually to £292,000 by October 2023, driven by lower mortgage rates, but recent price falls in some regions signal a potential slowdown due to rising inflation and interest rates.
Progress
20% Bias Score
UK Inflation Rises to Eight-Month High, Adding Pressure on Bank of England
UK inflation hit a eight-month high of 2.6% in November 2024, exceeding the Bank of England's target, driven by rising fuel and grocery prices, and a tobacco duty increase, despite a record drop in airfares; this adds pressure on the Bank to keep interest rates unchanged amidst concerns about slowin...
UK Inflation Rises to Eight-Month High, Adding Pressure on Bank of England
UK inflation hit a eight-month high of 2.6% in November 2024, exceeding the Bank of England's target, driven by rising fuel and grocery prices, and a tobacco duty increase, despite a record drop in airfares; this adds pressure on the Bank to keep interest rates unchanged amidst concerns about slowin...
Progress
48% Bias Score
UK Inflation Rises to 2.6% in November
UK inflation climbed to 2.6% in November, exceeding September's three-and-a-half-year low of 1.7%, driven by rising energy prices, a tight labor market, and recent government spending increases; the Bank of England is unlikely to cut interest rates in December.
UK Inflation Rises to 2.6% in November
UK inflation climbed to 2.6% in November, exceeding September's three-and-a-half-year low of 1.7%, driven by rising energy prices, a tight labor market, and recent government spending increases; the Bank of England is unlikely to cut interest rates in December.
Progress
36% Bias Score
UK Inflation Rises to 2.6%, Dashes Rate Cut Hopes
UK inflation hit 2.6% in November, fueled by rising transport and core prices, dashing hopes for a rate cut and posing challenges for policymakers as wage growth adds to inflationary pressures.
UK Inflation Rises to 2.6%, Dashes Rate Cut Hopes
UK inflation hit 2.6% in November, fueled by rising transport and core prices, dashing hopes for a rate cut and posing challenges for policymakers as wage growth adds to inflationary pressures.
Progress
40% Bias Score
UK Inflation Rises to 2.6%, Interest Rates Unlikely to Fall
UK inflation increased to 2.6% in November, the fastest rate since March, due to higher petrol, diesel, tobacco, and other goods prices; despite this, the Bank of England is not expected to cut interest rates due to wage growth, though prices will likely remain higher than before.
UK Inflation Rises to 2.6%, Interest Rates Unlikely to Fall
UK inflation increased to 2.6% in November, the fastest rate since March, due to higher petrol, diesel, tobacco, and other goods prices; despite this, the Bank of England is not expected to cut interest rates due to wage growth, though prices will likely remain higher than before.
Progress
36% Bias Score
Chile's Central Bank Forecasts Higher Inflation, Cautious Interest Rate Cuts
Chile's central bank projects 4.8% inflation for 2024, rising to 5% in early 2025 due to a stronger dollar and higher labor costs; GDP growth is projected at 1.5-2.5% for 2025-26, with interest rates cut to 5% but a potential pause in future cuts.
Chile's Central Bank Forecasts Higher Inflation, Cautious Interest Rate Cuts
Chile's central bank projects 4.8% inflation for 2024, rising to 5% in early 2025 due to a stronger dollar and higher labor costs; GDP growth is projected at 1.5-2.5% for 2025-26, with interest rates cut to 5% but a potential pause in future cuts.
Progress
24% Bias Score
Mortgage Rates Rise, Demand Dips
Last week's increase in the average 30-year fixed-rate mortgage to 6.75% led to a 0.7% decrease in total mortgage applications, the first decline in five weeks; however, purchase applications increased by 1%, exceeding last year's numbers.
Mortgage Rates Rise, Demand Dips
Last week's increase in the average 30-year fixed-rate mortgage to 6.75% led to a 0.7% decrease in total mortgage applications, the first decline in five weeks; however, purchase applications increased by 1%, exceeding last year's numbers.
Progress
36% Bias Score