Negative
21Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 85 days ago
- Bias Distribution
- 50% Center
Recent economic indicators show a positive shift in the US, with stock markets rebounding significantly after earlier recession fears. The Dow Jones saw a surge of 1,100 points, while the Nasdaq and S&P 500 also experienced notable gains, indicating a broader investor confidence. Goldman Sachs' Chief Economist highlighted that inflation is easing and consumer spending remains strong, suggesting that a recession is not imminent. JP Morgan, however, raised its recession probability to 35% for 2024, but markets largely dismissed this warning. Meanwhile, housing starts have declined, and the Federal Reserve may consider a modest rate cut at its upcoming meeting. Overall, the sentiment on Wall Street reflects optimism despite underlying economic challenges.
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 85 days ago
- Bias Distribution
- 50% Center
Open Story
Timeline
Analyze and predict the
development of events
Negative
21Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.