Federal Reserve

The Federal Reserve is an independent central bank of the United States responsible for implementing monetary policy and maintaining stability in the financial system. The articles cover various aspects of economic projections, interest rates, inflation, and financial well-being of US households. Some articles show contradictions in reporting on economic indicators and financial situations of different income groups. There are instances of conflicts of interest and deceptive practices such as using statements without providing evidence or context.

89%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

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

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

86%

Examples:

  • Some articles use emotional manipulation to connect unrelated topics such as Notre Dame with economic outlook.
  • The biases found in the articles include thanking individuals or institutions without providing any relevant information to the content of the article.

Conflicts of Interest

94%

Examples:

  • The Federal Reserve Board and Federal Open Market Committee released economic projections from the June 11-12 FOMC meeting on June 12, 2024.
  • There are instances of conflicts of interest in the articles, such as reporting on economic outlook without providing any evidence or context for claims.

Contradictions

84%

Examples:

  • Contradictions found in the articles include conflicting statements about interest rates and economic projections.
  • Some articles report on financial well-being being nearly unchanged while others mention that low-income adults were more likely to face material hardships than others.

Deceptions

86%

Examples:

  • Deceptive practices found in the articles include using statements from research without providing the original research or context.
  • The use of emotional manipulation to connect unrelated topics such as Notre Dame with economic outlook.

Recent Articles

  • Federal Reserve Maintains Interest Rates: Good News for Savers, Higher Costs for Borrowers

    Federal Reserve Maintains Interest Rates: Good News for Savers, Higher Costs for Borrowers

    Broke On: Wednesday, 12 June 2024 The Federal Reserve maintains interest rates, providing high yields for savers but increasing borrowing costs for some. Projected rates indicate stability through the year.
  • Parents Struggle Most with Finances Amidst Persisting Inflation: New Fed Report

    Parents Struggle Most with Finances Amidst Persisting Inflation: New Fed Report

    Broke On: Sunday, 19 May 2024 Despite inflation dropping to 3.4% in 2023, the Federal Reserve's report revealed that Americans are experiencing financial strain, particularly parents and renters. Only 64% of parents reported feeling financially okay compared to 69% in the previous year, while rent arrears increased by two percentage points for renters. Inflation concerns have also led to a six-month low in consumer sentiment.
  • Federal Reserve Maintains Steady Interest Rates Amid Persistent Inflation, Savers Reap Rewards

    Federal Reserve Maintains Steady Interest Rates Amid Persistent Inflation, Savers Reap Rewards

    Broke On: Wednesday, 01 May 2024 The 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.
  • Federal Reserve Governor Christopher Waller on Economic Outlook: More Evidence Needed for Interest Rate Cuts Amid Inflation Concerns

    Federal Reserve Governor Christopher Waller on Economic Outlook: More Evidence Needed for Interest Rate Cuts Amid Inflation Concerns

    Broke On: Friday, 23 February 2024 Fed Governor Waller cautious on rate cuts, wants more evidence of inflation cooling. January data shows higher-than-expected core CPI inflation and raises questions on price trends.
  • Federal Reserve Governor Christopher Waller on Economic Outlook: More Evidence Needed for Interest Rate Cuts Amid Inflation Concerns

    Federal Reserve Governor Christopher Waller on Economic Outlook: More Evidence Needed for Interest Rate Cuts Amid Inflation Concerns

    Broke On: Friday, 23 February 2024 Fed Governor Waller cautious on rate cuts, wants more evidence of inflation cooling. January data shows higher-than-expected core CPI inflation and raises questions on price trends.
  • Federal Reserve Cautions on Cutting Interest Rates as US Economy Grows, Labor Market Remains Tight

    Federal Reserve Cautions on Cutting Interest Rates as US Economy Grows, Labor Market Remains Tight

    Broke On: Monday, 19 February 2024 The US economy is expected to continue growing in 2023, driven by strong consumer spending. However, the Federal Reserve needs to be cautious about cutting interest rates too far as it could undermine its goal of price stability. Vice Chair Philip Jefferson has warned that excessive easing can lead to a stalling or reversal in progress towards restoring price stability.
  • Federal Reserve Holds Interest Rates Steady, Indicates Possible Cut in Borrowing Costs

    Federal Reserve Holds Interest Rates Steady, Indicates Possible Cut in Borrowing Costs

    Broke On: Wednesday, 31 January 2024 The Federal Reserve kept interest rates steady at their highest level in over two decades on January 31, 2024. The Fed officials hinted that they may make a cut to borrowing costs but are not yet ready to do so. Jerome H. Powell stated that the country has had six good months of moderating inflation and wants to see continued progress before lowering rates.