U.S. Economy Posts 3.1% Growth in Q3 Despite Inflation and Election Results
The American economy expanded by 3.1% in Q3 2023, fueled by robust consumer spending and export growth, despite persistent inflation and the recent election of Donald Trump.
U.S. Economy Posts 3.1% Growth in Q3 Despite Inflation and Election Results
The American economy expanded by 3.1% in Q3 2023, fueled by robust consumer spending and export growth, despite persistent inflation and the recent election of Donald Trump.
Progress
48% Bias Score
Unexpected Surge in Year-End Hirings in 2024
Despite slightly lower national open job and hiring rates, year-end hirings in 2024 unexpectedly doubled predictions in some regions, likely due to companies using remaining budget funds before fiscal year's end, resulting in a late-year hiring rush.
Unexpected Surge in Year-End Hirings in 2024
Despite slightly lower national open job and hiring rates, year-end hirings in 2024 unexpectedly doubled predictions in some regions, likely due to companies using remaining budget funds before fiscal year's end, resulting in a late-year hiring rush.
Progress
56% Bias Score
Fed to Slow Interest Rate Cuts, Limiting Relief for Borrowers
The Federal Reserve will likely slow its interest rate cuts in 2025 to two or three, providing limited relief to consumers facing high borrowing costs; this cautious approach reflects stronger economic growth and persistent inflation above the Fed's target, further complicated by uncertainties surro...
Fed to Slow Interest Rate Cuts, Limiting Relief for Borrowers
The Federal Reserve will likely slow its interest rate cuts in 2025 to two or three, providing limited relief to consumers facing high borrowing costs; this cautious approach reflects stronger economic growth and persistent inflation above the Fed's target, further complicated by uncertainties surro...
Progress
44% Bias Score
Fed Cuts Interest Rate by Quarter Point, Signals Shift in Monetary Policy
The Federal Reserve announced a quarter-point cut to its benchmark interest rate, lowering it from approximately 4.6% to 4.3%, following previous cuts in September and November; this signals a potential shift to less frequent rate reductions in 2025 due to persistent inflation and strong economic gr...
Fed Cuts Interest Rate by Quarter Point, Signals Shift in Monetary Policy
The Federal Reserve announced a quarter-point cut to its benchmark interest rate, lowering it from approximately 4.6% to 4.3%, following previous cuts in September and November; this signals a potential shift to less frequent rate reductions in 2025 due to persistent inflation and strong economic gr...
Progress
48% Bias Score
Trump Allies' FDIC Dismantling Proposals Spark Concern
Proposals to dismantle the FDIC, the agency insuring bank deposits, have emerged from President-elect Trump's allies, sparking concerns about the potential for bank runs and the loss of public trust in the safety of deposits, despite experts' belief that Congress is unlikely to support such a move.
Trump Allies' FDIC Dismantling Proposals Spark Concern
Proposals to dismantle the FDIC, the agency insuring bank deposits, have emerged from President-elect Trump's allies, sparking concerns about the potential for bank runs and the loss of public trust in the safety of deposits, despite experts' belief that Congress is unlikely to support such a move.
Progress
52% Bias Score
Fed to Slow Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is preparing to lower its benchmark interest rate by 0.25 percentage points to around 4.3 percent, marking a shift from frequent cuts to a more measured approach due to persistent inflation despite recent economic growth and the uncertainty surrounding President-elect Trump's eco...
Fed to Slow Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is preparing to lower its benchmark interest rate by 0.25 percentage points to around 4.3 percent, marking a shift from frequent cuts to a more measured approach due to persistent inflation despite recent economic growth and the uncertainty surrounding President-elect Trump's eco...
Progress
36% Bias Score
US Stocks Rebound After Fed's Rate Cut Announcement
Following a 2.9% drop in the S&P 500 on Wednesday due to the Federal Reserve's announcement of fewer-than-expected interest rate cuts, U.S. stocks rebounded on Thursday with the S&P 500 rising 0.6%, the Dow Jones up 0.7%, and the Nasdaq up 0.7%, despite mixed economic reports and international marke...
US Stocks Rebound After Fed's Rate Cut Announcement
Following a 2.9% drop in the S&P 500 on Wednesday due to the Federal Reserve's announcement of fewer-than-expected interest rate cuts, U.S. stocks rebounded on Thursday with the S&P 500 rising 0.6%, the Dow Jones up 0.7%, and the Nasdaq up 0.7%, despite mixed economic reports and international marke...
Progress
44% Bias Score
Uncertainty Over US EV Tax Credits Spurs Sales Increase
The potential elimination of US federal tax credits for electric vehicles (EVs) is prompting increased sales, particularly of used vehicles, though many buyers are still unaware of the credits' existence; the credits total up to $7,500 for new vehicles and $4,000 for used ones.
Uncertainty Over US EV Tax Credits Spurs Sales Increase
The potential elimination of US federal tax credits for electric vehicles (EVs) is prompting increased sales, particularly of used vehicles, though many buyers are still unaware of the credits' existence; the credits total up to $7,500 for new vehicles and $4,000 for used ones.
Progress
36% Bias Score
Fed Expected to Cut Rates for Third Time This Year
The Federal Reserve is expected to cut interest rates for the third time this year on Wednesday, a move driven by a recent inflation slowdown and a desire to maintain employment levels despite an otherwise strong economy; however, upcoming trade policy changes could significantly alter this trajecto...
Fed Expected to Cut Rates for Third Time This Year
The Federal Reserve is expected to cut interest rates for the third time this year on Wednesday, a move driven by a recent inflation slowdown and a desire to maintain employment levels despite an otherwise strong economy; however, upcoming trade policy changes could significantly alter this trajecto...
Progress
36% Bias Score
Concerns Rise Over Potential Dismantling of the FDIC
Proposals to dismantle the FDIC, the agency insuring bank deposits, are circulating among President-elect Trump's allies; however, experts and former regulators express concerns over the potential risks of destabilizing the banking system and warn against this move, while noting the FDIC's 90-year t...
Concerns Rise Over Potential Dismantling of the FDIC
Proposals to dismantle the FDIC, the agency insuring bank deposits, are circulating among President-elect Trump's allies; however, experts and former regulators express concerns over the potential risks of destabilizing the banking system and warn against this move, while noting the FDIC's 90-year t...
Progress
40% Bias Score
Fed Expected to Cut Interest Rates for Third Time This Year
The Federal Reserve is expected to cut interest rates for the third time this year on Wednesday, aiming to recalibrate monetary policy amidst a resilient economy but with inflation's progress to the 2% target appearing stalled. The decision follows recent comments from Fed Chair Jerome Powell signal...
Fed Expected to Cut Interest Rates for Third Time This Year
The Federal Reserve is expected to cut interest rates for the third time this year on Wednesday, aiming to recalibrate monetary policy amidst a resilient economy but with inflation's progress to the 2% target appearing stalled. The decision follows recent comments from Fed Chair Jerome Powell signal...
Progress
40% Bias Score
Fed Expected to Implement "Hawkish Cut," Slowing Pace of Future Rate Reductions
On Wednesday, the Federal Reserve is expected to lower its benchmark interest rate by 0.25 percentage points to a range of 4.25-4.50 percent, a move considered a "hawkish cut" due to uncertainty about the impact of President-elect Trump's policies and persistent inflation above the Fed's 2 percent t...
Fed Expected to Implement "Hawkish Cut," Slowing Pace of Future Rate Reductions
On Wednesday, the Federal Reserve is expected to lower its benchmark interest rate by 0.25 percentage points to a range of 4.25-4.50 percent, a move considered a "hawkish cut" due to uncertainty about the impact of President-elect Trump's policies and persistent inflation above the Fed's 2 percent t...
Progress
40% Bias Score