Jeanna Smialek,
Jeanna Smialek is a reporter covering the Federal Reserve and the U.S. economy for The New York Times. She has covered the economy for more than a decade, writing about various topics including inflation, interest rates, job market trends and economic policy decisions by the Fed. Her stories focus on explaining how economic policymakers are thinking and acting to impact financial markets and everyday life in America. Smialek is known for her thorough analysis of complex economic issues without any clear slant towards a particular viewpoint. She has written for Bloomberg, Bloomberg Businessweek, and contributes regularly to Marketplace radio. She is the author of a book about the changing role of the modern Fed: 'Limitless: The Federal Reserve Takes on A New Age of Crisis.' Smialek holds a bachelor's in journalism and global studies from the University of North Carolina at Chapel Hill and a Master's in Business Administration from New York University's Stern School. She was born and raised in a small town outside of Pittsburgh, and now lives in Washington. As a journalist, Smialek adheres to high ethical standards as outlined in The New York Times' Ethical Journalism Handbook.
96%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
98%
Examples:
- The author consistently presents factual information without any clear slant towards a particular viewpoint.
Conflicts of Interest
98%
Examples:
- There are no clear instances of conflicts of interest.
Contradictions
88%
Examples:
- The author's articles contain minor contradictions in regards to specific economic data points such as unemployment rates and inflation numbers.
Deceptions
98%
Examples:
- The author does not use deceptive practices in their reporting.
Recent Articles
June Consumer Prices Decrease for First Time Since Pandemic: What it Means for Inflation and Interest Rates
Broke On: Thursday, 11 July 2024Federal Reserve officials received good news in June as consumer prices decreased for the first time since the pandemic, with a monthly drop of 0.1% and an annual rate of 3%. Falling gas prices and declining new and used car prices were the primary contributors to this decrease. The core CPI also slowed down more than expected, leading to expectations of potential interest rate cuts in September and December. Investors reacted positively, with the Russell 2000 Index gaining 3%, while housing-related shares such as Home Depot and D.R. Horton experienced a surge on hopes of lower rates reigniting the stalling housing market. Fed Rate Cuts Likely in September: Unemployment Ticks Up, Manufacturing and Services Activity Slows Down
Broke On: Friday, 05 July 2024The Federal Reserve is expected to cut interest rates twice in 2023 due to weakening economic data, including a ticking unemployment rate and lower manufacturing and services activity surveys. Despite a strong labor market, the potential cuts could lead to new record highs for stock indexes. Stock Market Resilience Amidst Challenges: S&P 500, Nasdaq Composite, and Dow Jones Industrial Average Hold Ground
Broke On: Friday, 05 July 2024Amidst economic challenges, the stock market holds ground with record highs for S&P 500 and Nasdaq Composite. Samsung Electronics reports a 15-fold increase in profit, driving tech stocks higher. Investors bet on potential interest rate cuts following jobs report release. Federal Reserve Maintains Steady Interest Rates Amid Persistent Inflation, Savers Reap Rewards
Broke On: Wednesday, 01 May 2024The Federal Reserve kept interest rates steady at 5.33% in May 2024, despite inflation remaining above target and concerns over its impact on the economy and financial markets. Chair Jerome Powell emphasized the central bank's commitment to returning inflation to its 2% objective, while acknowledging risks to achieving this goal. The decision had implications for savers, who saw increased earnings in 2023, as well as for bonds and stocks. March Inflation Data: Personal Consumption Expenditures Price Index Rises 2.8% Year-Over-Year, Fed Holds Rate Steady
Broke On: Friday, 26 April 2024In March, inflation remained persistent with the personal consumption expenditures price index (PCE) rising 2.8% year-over-year, driven by a 4% increase in services prices. Personal spending and income also grew while the saving rate fell. The Fed signaled no immediate plans to lower interest rates due to ongoing inflation concerns.