Fed may begin cutting interest rates sooner than anticipated due to economic indicators
Headline inflation decreased on a month-over-month basis for the first time since May 2020
Nonfarm payroll jobs increased by 206,000 last month exceeding economists' expectations
Unemployment rate unexpectedly rose to 4.1% in June from 4% in May
Inflation data from May and June showed a decrease in headline inflation on a month-over-month basis for the first time since May 2020. The unemployment rate unexpectedly rose to 4.1% in June from 4% in May, marking the highest reading in almost three years. These economic indicators have fueled speculation that the Federal Reserve may begin cutting interest rates sooner than anticipated.
The Bureau of Labor Statistics reported that nonfarm payroll jobs increased by 206,000 last month, exceeding economists' expectations. However, the unexpected rise in unemployment and a decline in core inflation have raised concerns about the overall health of the labor market and economy.
According to Oxford Economics chief US economist Ryan Sweet,
95%
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The Russell 2000 index of smaller companies rose by 3.7%. Tech stocks led the decline in the S&P 500 and Nasdaq.
Accuracy The Nasdaq Composite and S&P 500 fell on Thursday. Nvidia, Meta Platforms, Apple, Intel, Tesla and other tech stocks lost ground. Deception
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99%
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%
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consideration the content
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flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
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Inflation data from May and June showed headline inflation falling month over month for the first time since May 2020. The unemployment rate unexpectedly rose to 4.1% in June from 4% in May.
Accuracy Inflatesion fell to 3% in June from a year ago, down from 3.3% in May. The labor market added 206,000 nonfarm payroll jobs in June, ahead of the expected 190,00+ jobs. Prices rose by 3 percent over the last year Fed officials forecast they will start cutting rates by the end of 2024. Deception
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(100%)
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(100%)
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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
0%
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consideration the content
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flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
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Inflation fell to 3% in June from a year ago, down from 3.3% in May. Consumer price index (CPI) measures prices for fruits and vegetables to household appliances. Prices for staples such as food at home, gasoline, and new-lease rents have not changed in about a year.
Accuracy The Nasdaq Composite and S&P 500 fell on Thursday. Shares of tech companies and airlines declined. Tesla fell 8.4% following a report that it would delay its robotaxi debut event to October. Delta reported weaker-than-expected earnings and lowered its guidance causing airlines to decline. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
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Conflicts
Of
Interest (100%)
Author
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Of
Interest (0%)
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
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
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Points
Inflation fell to 3% in June from a year ago, down from 3.3% in May. Prices for staples such as food at home, gasoline, and new-lease rents have not changed in about a year. Fed officials forecast they will start cutting rates by the end of 2024. Gasoline prices have contributed to the decrease in inflation.
Accuracy The Nasdaq Composite and S&P 500 fell on Thursday. Shares of tech companies and airlines declined. The Russell 2000 index of smaller companies rose by 3.7%. Tech stocks led the decline in the S&P 500 and Nasdaq. Nvidia, Meta Platforms, Apple, Intel, Tesla and other tech stocks lost ground. Delta reported weaker-than-expected earnings and lowered its guidance causing airlines to decline. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
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
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 Chair Jerome Powell is considering an interest rate cut before the November election due to a slower-than-expected inflation rate in June. ,
Accuracy The annual rate of inflation is still above the central bank’s 2 percent target, but it has decelerated significantly. Market participants now believe there is a 92.7 percent probability of a rate cut by the September meeting based on this report. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (0%)
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