This is a useful story by Bloomberg news. President Trump is attacking the credibility of U.S. economic data after last week’s soft jobs report, calling it rigged because of downward revisions to payroll data. Pay attention to the consumer price index release next week. It’s produced by the same Bureau of Labor Statistics agency that produced the jobs report.
What happens if President Trump attacks inflation statistics and undermines confidence in them? Will investors demand a higher price when purchasing Treasury bonds as compensation for uncertainty about inflation data?
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Category: Uncategorized