Catarina Saraiva,
Catarina Saraiva covers business and economics for Bloomberg News. She joined the company in 2019 after working as a reporter at Reuters and The Wall Street Journal. She has covered topics such as monetary policy, trade, markets, mergers and acquisitions, banking regulation, emerging markets and economic indicators.
46%
The Daily's Verdict
This author has a poor reputation for journalistic standards and is not considered a reliable news source.
Bias
75%
Examples:
- Federal Reserve Chair Jerome Powell repeated that the US central bank isn't in any rush to cut interest rates
- The fact that the US economy is growing at such a solid pace, the fact that the labor market is still very, very strong, gives us the chance to just be a little more confident about inflation coming down before we take the important step of cutting rates
Conflicts of Interest
0%
Examples:
No current examples available.
Contradictions
85%
Examples:
- Powell says Fed doesn't need to be in hurry to cut rates
- The latest inflation data is in line with expectations
Deceptions
50%
Examples:
- The fact that the US economy is growing at such a solid pace and the labor market is still very strong according to Powell provide an opportunity for confidence in decreasing inflation before taking action on interest rates
Recent Articles
Fed Chair Jerome Powell: No Interest Rate Cuts Soon, Concerns About Early Cutting
Broke On: Saturday, 30 March 2024Fed Chair Jerome Powell announces that the Federal Reserve is not planning to cut interest rates anytime soon, as they closely monitor inflation data and believe strong employment numbers give them more time. He also raises concerns about cutting rates too early, which could disrupt the economy and potentially trigger a recession.