Consumer price index and personal consumption expenditures price index showed an acceleration in inflation rates in March
Federal Reserve holds off on interest rate cuts due to inflation resurgence and cooling economy
Inflation remains above the Federal Reserve's 2% target
Jerome Powell expects only two quarter-point rate cuts in July and November
Real GDP growth rate cooled down more than expected with an estimate of 1.6% compared to the forecasted 2.5%
The Federal Reserve's anticipated interest rate cuts have been put on hold due to the resurgence of inflation. In March, both the consumer price index and personal consumption expenditures price index showed an acceleration in inflation rates.
Despite these developments, Jerome Powell, Chair of the Federal Reserve, has emphasized that he needs to see more consistent evidence that the economy is moving in a positive direction before considering any rate cuts. The real GDP growth rate also cooled down more than expected with an estimate of 1.6% compared to the forecasted 2.5%. This has led some analysts to predict that rate cuts might not occur until the second half of 2024.
The CME FedWatch Tool indicates an 88.4% chance that rates will remain steady after the Fed's next meeting in June, and Powell himself has suggested that it is appropriate to allow restrictive policy more time to work. He expects only two quarter-point rate cuts in July and November.
Inflation remains above the Federal Reserve's 2% target, making it unlikely for interest rates to be reduced anytime soon. The Fed aims to maintain its independence from political influences and avoid appearing partisan during election seasons.
90%
Doubts
Are there any political influences affecting the Federal Reserve's decision to hold off on interest rate cuts?
Is the real GDP growth rate estimate of 1.6% accurate?
98%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
85%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
The Federal Reserve is expected to hold interest rates steady on Wednesday. There is a 97.1% chance rates will remain unchanged as of Monday morning according to the CME FedWatch Tool. Inflation based on the consumer price index and the personal consumption expenditures price index both accelerated in March. Fed Chair Jerome Powell needs to see more consistent proof that the economy is moving in the right direction before cutting interest rates. Real GDP growth at an annualized rate cooled down more than expected with an estimate of 1.6% compared to the 2.5% forecast. Given that inflation is still above the Fed’s 2% target, it’s looking like rate cuts might not come until the second half of 2024. There’s an 88.4% chance rates will remain steady again after the Fed’s next meeting in June. Powell indicated that it’s appropriate to allow restrictive policy further time to work and expects only two 25bps rate cuts in July and November.
Accuracy The US Federal Reserve started its two-day policy meeting on Tuesday. Investors expected the Federal Reserve to cut interest rates substantially in 2024 as inflation cooled. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
88%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Federal Reserve was considering interest rate cuts this spring Inflation is heating back up
Accuracy Given that inflation is still above the Fed’s 2% target, it’s looking like rate cuts might not come until the second half of 2024. Investors expected the Federal Reserve to cut interest rates substantially in 2024 as inflation cooled. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
97%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
The US Federal Reserve started its two-day policy meeting on Tuesday. The Fed is widely expected to hold interest rates steady. Inflation remains above the Fed’s longterm target of 2%.
Accuracy There is a 97.1% chance rates will remain unchanged as of Monday morning according to the CME FedWatch Tool. Markets are almost certain that the Fed will leave interest rates unchanged at this time. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
94%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
85%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Investors expected the Federal Reserve to cut interest rates substantially in 2024 as inflation cooled. Price increases have been surprisingly stubborn, leading to a rethink on Wall Street about Fed rate cuts.
Accuracy Given that inflation is still above the Fed’s 2% target, it’s looking like rate cuts might not come until the second half of 2024. The Fed was considering interest rate cuts this spring Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
