Associated Press
Why AP Media Bias Deserves High Level of Scrutiny
The Associated Press has historically been considered the "gold standard" of objective journalism. It operates a wire service, meaning local and national news organizations around the country use AP's content to fill gaps in their coverage. That means AP news content has extremely wide impact and reach.
As such, AllSides does particularly extensive analysis of AP. When AP displays political bias, or fails to portray political events, legislation, and perspectives in a balanced and even-handed way, the impact is broad and far-reaching. A media outlet that is relied upon by outlets all over the country deserves a high level of scrutiny when it comes to political bias.
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From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
The Fed is widely expected to do so this year — probably several times. Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% — the Fed’s target level. Yet this week, several central bank officials underscored that they weren’t ready to pull the trigger just yet.
Why, with inflation nearly conquered and interest rates at a 22-year high, isn’t now the time to cut?