Posted more than 1 month ago

Economist Source on BLS Data Trust & Market Impact Post-Ouster

After the ouster of former Bureau of Labor Statistics head Erika McEntarfer by Pres. Trump on Friday because he didn't like the jobs data, there's concern over what will happen going forward and whether the data will be trustworthy with a presumed partisan in charge. Would there be any way that jobs and inflation data would be trusted? What impact does BLS data have on perceived bonds values? Would most switch over to using PCE data from the Bureau of Economics? There's been a nearly 20-basis-point drop in the 10-year Treasury Note yield since Friday. What might the impact on commercial real estate mortgage rates, prices, and sales? You can reach me at [email redacted].
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