Data Reliability Concerns - Economic data inherently contains noise and uncertainty due to its reliance on surveys [1] - The level of noise and uncertainty in economic data has increased in recent years [2] - CPI data is not typically revised, meaning the initial number is considered final, although seasonal factors are adjusted [2][3] Jobs Data Revisions - The birth-death model, a significant factor in job creation calculations, has shown a substantial increase in annual revisions [3] - The annual revision for jobs data has increased from approximately 5,000 to almost 300,000 in recent years, representing a roughly 6000% increase in error size [3] Call for Improvement - There is a need to improve the reliability, believability, and credibility of economic statistics [3]

Market Data & Economic Indicators - The monthly jobs report is a key indicator for Wall Street trading and economic assessment [3] - Jobs data reflects economic health: employment drives spending, which boosts company hiring and profits [4] - The jobs report is a crucial signal for the Federal Reserve and Wall Street to gauge the economy's direction [5] - The jobs report data, despite being delayed and revised, is the best available monthly economic indicator [5] Potential Policy Changes & Concerns - A proposal to suspend the jobs report until data accuracy is ensured has been suggested [2] - Suspending the jobs report would deprive Wall Street of crucial data for trading decisions [3] - The feasibility of suspending the jobs report by the BLS commissioner is questionable [5]

Data Reliability Concerns - Bureau of Labor Statistics (BLS) 数据质量和可靠性下降，修订增加 [2] - 本届政府正在解决数据质量问题 [3] Leadership Changes and Future Plans - 总统已任命新领导接管劳工统计局 (BLS) [3] - 目标是为美国人民提供诚实可靠的数据，以供重要的经济决策 [4] - 劳工统计局 (BLS) 计划继续发布月度就业报告 [1] - 需要审查美国获取重要数据的方式和方法 [3]

BLS Nomination Controversy - The president's pick for the Bureau of Labor Statistics (BLS) is considered a political appointment due to the nominee's conservative background and past contributions to Project 2025 [2][3] - Concerns arise because the BLS is traditionally a non-political agency providing unbiased economic data used by government and Wall Street [3][15] - The president has been a long-time critic of the BLS, mirroring the nominee's views [6][7] - Critics from both sides of the political spectrum question the nominee's qualifications and competence in economic statistics [11][12][14] Inflation and Economic Trends - The inflation rate is at 27%, showing signs of stagnation [19] - Core inflation, excluding food and energy, grew 31% [21] - Tariffs are contributing to rising prices in certain sectors, such as toys, furniture, tools, bananas, and coffee [20] - The trade war is impacting core goods inflation, making life more expensive for working Americans [23][24] - The Federal Reserve (Fed) is likely to cut interest rates in September due to sticky inflation and a softening job market [22][25]

writing that he'll ensure the numbers released are, quote, honest and accurate. Joining us now to discuss all of this is white House Council of Economic Advisors chair and President Trump's pick to replace Fed Governor Coogler. Steven, Myron, it's good to have you chair Myron.First, you must be pleased to see another inflation number that comes in a bit light and does not show a lot of evidence of tariff pass through. >> Good morning and thanks for having me. And yes, I can tell you that we're very happy to ...

Today’s report on consumer prices is the first of a couple of pieces of economic data that threaten to derail this year's rallies in stocks and Treasuries https://t.co/Cm1oJOYhQG ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Vonnie Quinn taking you through to that closing bell with a global cybercast. It started with Tim Stenovec in the radio booth.Isabelle Lee in today for Carol Massar. Welcome to our audiences across all of our Bloomberg platforms Television, radio, YouTube. Tim Stanley back here on an interesting day here, a day where we see the markets move lower only fractionally.But of course, this is ahead of some key economic ...

US economic data has shortcomings, but try living without it, says @Moss_Eco. The global economy would fly blind (via @opinion) https://t.co/zPbFjRvn3i ...

And Drew, this is a market right now that has now pretty much hovered near record highs for a while. Is there a big catalyst coming up that could break us to even bigger bigger moves going into the third and fourth quarter this year. Hey, good morning, Dom.So, I think it's it's twofold really. I think actually getting a Fed cut and seeing economic data hang in there is how you can really push this market higher. Honestly, in our updated price target for the S&P, we nudged it higher to 6,600 for year end.And ...

Market Trends & Economic Outlook - Major indices are tracking to close the week higher, with the S&P and NASDAQ pacing for their third positive week in four, and the Dow on course for its second positive week in three [1] - The market has largely processed economic data, driven by the resilience of the economy and consumer spending [2] - There's a growing possibility of stagflation, with potential inflation increases alongside economic deceleration and signs of a softening labor market [3] - Inflation measures show signs of fatigue, with goods prices potentially driving inflation higher, increasing the likelihood of a stagflation scenario [4] - The market focuses on data trends, such as the direction of the labor market and unemployment rate, rather than specific data points [6] Investment Strategies & Sector Performance - Companies with strong profit margins and solid free cash flow yields are performing well, supported by capital expenditure and profit margin expansion [7] - Sectors not investing in AI or reducing labor face margin squeeze due to potential supply chain price increases, leading to negative outlooks [8][9] - International markets, particularly Europe, are showing strength due to stronger economies and a weaker dollar, presenting diversification opportunities [11][12] - MSCI World Index XUS is up about 18% this year, compared to about 8% for the S&P 500, signaling a rebalancing of capital flows [10] Data Quality & Market Reaction - Uncertainty in data is inherent, with revisions being common due to the dynamic nature of information gathering [5] - The market is adept at understanding data ranges and focusing on trends rather than specific data points [6] CPI & Fed Policy - CPI is expected to pick up, potentially causing a market reaction, and influencing the probability of a Federal Reserve rate cut in September [14][15]