Claims extracted
23
sentences that state something as happening or true
Uncertain
9%
2 of 23 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
56
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The US stock market has fallen into the red as Federal Reserve chair Kevin Warsh spoke after the central bank showed it’s trying to get the nation’s high inflation under control by hiking interest rates for the first time in three years.
asserted
it → fall → years
Investors would almost always prefer lower interest rates because higher rates tend to slow the economy’s growth and undercut the prices for stocks and other investments.
asserted
rates → prefer → stocks
But because prices for gasoline, food and other costs of living have been shooting so much higher for so long since the COVID-19 pandemic, the thought is that the short-term pain will be worth it to get inflation under control.
asserted
pain → shoot → control
The S&P 500 was up 0.2 per cent as Warsh opened his press conference and was on track for just its second gain in the last eight days but is now 0.3 per cent lower in late trade.
asserted
Warsh → open → trade
The Australian sharemarket is set to decline, with futures at 5.01am AEST pointing to a fall of 71 points, or 0.8 per cent, at the open.
asserted
futures → set → open
The ASX added 0.3 per cent on Wednesday.
asserted
ASX → add → Wednesday
Stocks got help from some easing for oil prices and pressure from the bond market.
asserted
Stocks → get → market
The price for a barrel of Brent crude, the international standard, fell 2.9 per cent to $US105.58.
asserted
price → fall → US105.58
Oil had gotten to nearly $US110 early this week on worries that the war with Iran will continue to clog the global flow of oil.
asserted
war → get → oil
That helped send the yield on the 10-year Treasury, which is the centrepiece of the bond market and dictates where rates for mortgages and other loans go, down to 4.94 per cent from 5.00 per cent late Tuesday.
asserted
rates → send → cent
Earlier this week was the first time since 2023 that the 10-year yield topped 5 per cent.
asserted
yield → top → cent
Even with Wednesday’s easing, the pressure remains high.
asserted
pressure → remain → easing
That’s why the Fed raised rates on Wednesday, after it had been on pause for months following cuts to rates in 2024 and 2025.
asserted
it → ’ → 2024
Fed officials also released forecasts Wednesday showing that the median member expects interest rates to be higher at the end of this year, next year and the following one than expected a few months earlier.
asserted
rates → release → year
A report on Wednesday morning showing that shoppers spent much more at US retailers last month than economists expected may have emboldened the Fed.
uncertain
economists → show → retailers
It could offer a signal that the economy remains strong enough to withstand higher rates.
uncertain
economy → offer → rates
On Wall Street, stocks in the artificial-intelligence industry held steadier following their worldwide slide earlier in the week, after leaders of the AI industry called for a slowdown in development to address safety issues for humanity.
asserted
leaders → hold → humanity
Nvidia rose 1.9 per cent, and Advanced Micro Devices climbed 4 per cent.
asserted
Devices → rise → ?
They helped offset a drop of 12.5 per cent for J.B. Hunt Transport Services.
asserted
They → help → Services
Its chief financial officer told a conference of analysts late Tuesday that it’s facing higher costs and expects its earnings to drop 5 per cent to 10 per cent from the second quarter to the third.
asserted
earnings → tell → third
In stock markets abroad, indexes rose across much of Europe and Asia.
asserted
indexes → rise → Europe
South Korea’s Kospi climbed 1.4 per cent for one of the world’s biggest gains.
asserted
Kospi → climb → gains
Inflation is a worldwide problem, and the European Central Bank hiked rates across the Atlantic last week to help diminish it.
asserted
Bank → hike → it
The Aporia
