Did a Turbulent Week for Stocks Guarantee Interest Rate Cuts?

World markets began the week with huge losses as major selloffs occurred, but have seemed to normalize over the week.

The Details: Markets in Europe, Japan, and the U.S. experienced huge drops, with Japan’s Nikkei index dropping 18.2% in two trading sessions and Wall Street’s Dow Jones Industrial Average sliding 1,033 points. Many stocks rebounded throughout the week, but the averages on a week-to-date basis reflect the earlier losses.

For Context: In the U.S., these market fluctuations followed a concerning jobs report from Aug. 2, and have led many to wonder what the sudden stock market crash may mean for the economy. These market crashes were felt all over, as even the said-to-be safe investment in gold saw a 1% dip in value.

How The Media Covered It: Media across the political spectrum covered the details while uncovering some common ground in between. Both outlets on the left and right agree that, between the jobs report and the sudden turbulence seen in the market, the Federal Reserve is likely to cut interest rates, with some outlets speculating on whether the move may come before the next expected meeting in September.