Question
Here is a Reuters article about Atlanta Fed President Raphael Bostic's prediction this month for what is likely to happen at the next FOMC meeting
Here is a Reuters article about Atlanta Fed President Raphael Bostic's prediction this month for what is likely to happen at the next FOMC meeting this month.
https://www.reuters.com/markets/europe/feds-bostic-calls-75-basis-point-interest-rate-hike-july-2022-07-08/
- Look up Raphael Bostic on the web and tell me two details about his biography you find interesting. (4 points)
2.What is Bostic's current opinion about the state of the U.S. economy? Cite one statistic he uses that supports this. (4 points)
3. When you start reading financial journalism, you have to learn a whole new vocabulary. Look up the phrase "Basis Point" someplace like Investopedia and explain what Bostic means when he says he thinks the Fed will raise interest rates by 75 basis points. (4 points)
4.When the Federal Open Market Committee raises interest rates like this, which curve are they trying to shift, Aggregate Demand or Aggregate Supply, and what macroeconomic problem are they trying to solve when they do this? (4 points)
I deliberately chose that article from Reuters because it is one of the best sources for news in the world, rated very high for being both reliable and unbiased.Here is a website that confirms that.
https://adfontesmedia.com/
5. State one news source which, according to that chart is very reliable but biased towards a conservative perspective, and one source that is reliable but biased liberal. (4 points)
6.Three news sources that are rated as extremely reliable and relatively unbiased are AP, UPI, and Reuters. Have you ever gotten your news from any of those three sites? Go look one of them up, read any news article, and tell me why you agree or disagree with the judgement that news from that site is both reliable and unbiased. (6 points)
7. Two popular sources of news shown on that chart are CNN and FOX. I find it interesting that for both these sources, the television versions of their news are both less reliable and more biased than the web version of their news.Why do you think a web version of the news might be more reliable and less biased than a television version? (4 points)
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