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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Michael Buholzer/Keystone via AP
The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year. This week, central banks from Asia to England followed suit to varying degrees and using different economic tools to tame rising prices that are not isolated to the U.S.
Following are actions taken Thursday, and also earlier this week, by central banks globally:
Turkey: The Central Bank of the Republic of Turkey lowered the benchmark rate by 1 percentage point, to 12%. The lira was trading around 18.38 against the dollar, weakening further than the previous record low of 18.36 in December.
United Kingdom: The Bank of England raised its key interest rate by another half-percentage point to the highest level in 14 years. The bank matched its half-point increase last month — the biggest in 27 years — to bring its benchmark rate to 2.25%.