Claims extracted
23
sentences that state something as happening or true
Uncertain
17%
4 of 23 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
ABC News (US)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
8
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Inflation report to provide 1st snapshot of prices since midterm elections
Inflation is expected to have held steady in October.
asserted
Inflation → provide → October
A government inflation report on Tuesday will provide the first snapshot of prices nationwide since the midterm elections, in which Democrats achieved a landslide victory due in part to discontent on rising costs.
asserted
Democrats → provide → costs
The Iran war drove up gasoline prices and catapulted inflation to a three-year high in the spring.
asserted
war → drive → spring
Inflation eased over the summer, but continued unrest has kept price increases well above pre-war levels.
asserted
unrest → ease → levels
Economists expect inflation to have slowed on a monthly basis in October, but the report will be missing a key data point: the change in prices compared to a year ago.
asserted
report → expect → prices
That figure, which usually draws close scrutiny, cannot be calculated because the U.S. Bureau of Labor Statistics (BLS) did not publish an inflation report last October amid the government shutdown.
asserted
Bureau → draw → shutdown
Prices increased 3.7% over the year ending in September, the most recent month on record.
asserted
Prices → increase → record
The annual inflation rate currently stands more than a percentage point above the Federal Reserve's target rate of 2%.
asserted
rate → stand → %
Fuel prices have accounted for a sizable share of overall inflation in recent months.
asserted
prices → account → months
Gas prices jumped more than 9% in September from August, accounting for more than half of the overall price increase last month, the most recent month on record, the BLS said.
asserted
BLS → jump → record
A cooldown in oil prices since the midterm elections has put downward pressure on gasoline prices, leaving the national average price of a gallon of gas below $4 as of Monday, GasBuddy data showed.
asserted
data → put → Monday
The relief at the pump in recent days will not appear in the report on Tuesday, however, since it details prices in October.
asserted
it → appear → October
The fresh data is set to arrive at a delicate moment for the central bank, where policymakers are weighing a rate increase that could help tackle inflation but risks a slowdown in hiring.
uncertain
that → set → hiring
A stronger-than-expected jobs report last week may ease possible concern among central bankers about a cooldown for the labor market.
uncertain
report → expect → market
Employers added 165,000 jobs in October, well above an average of 48,000 jobs added each month over the previous year, BLS data showed.
asserted
data → add → year
If the Fed were to issue a rate increase at its next meeting in December, the decision would mark the central bank's second rate hike in four months, after it had gone three years without raising rates.
asserted
it → issue → rates
The combination of elevated inflation and a resilient labor market prompted the Fed to raise interest rates a quarter of a percentage point in September.
asserted
combination → prompt → September
That rate increase intends to help cool off inflation by slowing the economy and eating away at demand, though such a policy move typically yields results after a lag time lasting several months.
asserted
move → intend → time
Policymakers may lose patience as they weigh whether the current level of interest rates is high enough to ease price hikes.
uncertain
level → lose → hikes
The odds of a quarter-point rate hike at the Fed's next meeting are pegged at about 82%, according to CME Group's FedWatch Tool, a measure of market sentiment.
uncertain
odds → peg → sentiment
Days before the midterm elections, Fed policymakers opted to hold interest rates steady as they await further economic data.
asserted
they → opt → data
Still, Fed Chair Kevin Warsh vowed to cool off inflation.
asserted
Warsh → vow → inflation
"It’s our responsibility to get inflation down," Warsh said at a press conference in Washington, D.C.
asserted
Warsh → ’ → Washington
The Aporia
