智通财经APP获悉，美国私营企业正抓住联邦经济数据存疑的契机，大力开发美国政府统计数据的替代 产品。 其中一家平台正向公众免费开放数据——这与此前该领域以盈利为主要目的的模式相比，是重大转变。 另有企业则加大对自有统计数据的投入，并提高发布频率：在政府政策与整体经济形势快速变化的背景 下，客户对实时信息的需求正不断上升。 尽管政府数据因覆盖范围广、能全面衡量全球最大经济体的运行状况，仍被视为"黄金标准"，但经济学 家与交易员对民间指标的接受度已显著提高。此外，美国总统唐纳德·特朗普突然解雇了劳工统计局 (Bureau of Labor Statistics，BLS)局长，该机构传统上具有无党派属性，负责编制关键的通胀与劳动力市 场数据，且其提名的继任者被认为带有党派倾向，这让部分投资者对官方数据产生警惕。 7月就业报告引发了BLS的最新风波：数据大幅下修促使特朗普解雇了埃里卡·麦肯塔弗(Erika McEntarfer)，并在无证据的情况下指控她操纵数据，令共和党形象受损。此外，官方数据曾多次出现发 布失误，加之调查响应率持续下降的大趋势，均加剧了外界对BLS及其数据可靠性的质疑。 更广泛的信任疑虑 Open ...

Core Viewpoint - The ongoing conflict between the U.S. government and the Federal Reserve regarding interest rate cuts has escalated from policy disagreements to a broader struggle over economic governance, impacting global markets. Group 1: Government Pressures for Rate Cuts - The U.S. government is under significant pressure to push for rapid and substantial interest rate cuts due to three main factors: fiscal pressure, political cycle dynamics, and the need to counteract the effects of increased tariffs [1][2]. - The federal government's interest expenditure for the fiscal year 2024 is projected to be approximately $1.1 trillion, with the national debt exceeding $37 trillion as of August 10, indicating a growing fiscal burden that the government hopes to alleviate through lower interest rates [1]. - The urgency for rate cuts is heightened by the upcoming 2026 midterm elections, as the government seeks to stimulate the economy and improve public perception through short-term market gains [1]. Group 2: Federal Reserve's Stance - The Federal Reserve remains resistant to the government's pressures, citing the need for a low inflation environment to justify rate cuts, and expressing concerns that high inflation could lead to a wage-price spiral if cuts are implemented prematurely [2][4]. - The core PCE price index rose by 2.8% year-on-year in June, exceeding expectations, which reinforces the Fed's cautious approach to interest rate adjustments [2]. - The Fed emphasizes its independence and the importance of maintaining data integrity, suggesting that succumbing to political pressure could undermine market trust and lead to adverse long-term effects [2][4]. Group 3: Employment Data and Political Maneuvering - Recent employment data indicates a rise in the unemployment rate and a downward revision of job creation figures, prompting the U.S. government to attempt to influence labor statistics and reshape the Federal Reserve's decision-making body [3][4]. - The dismissal of the Bureau of Labor Statistics head and the push for a new appointee who supports rate cuts reflect the government's strategy to manipulate data to create a rationale for lowering rates [3]. - The potential impact of these political maneuvers on the Federal Reserve's voting structure could influence upcoming decisions on interest rates, although the long-term consequences of undermining data credibility could be detrimental [3][4]. Group 4: Economic Implications and Future Outlook - The standoff between the U.S. government and the Federal Reserve highlights deep-rooted issues in U.S. economic governance, with the government’s push for rate cuts driven by an unsustainable debt-driven growth model [4][5]. - The Federal Reserve may be compelled to lower rates if unemployment rises significantly or consumer spending weakens, while a rebound in inflation due to tariffs could lead to a more cautious approach [4]. - Regardless of the outcome, this ongoing conflict reveals significant fractures in the governance of the U.S. economy, indicating a complex interplay between short-term political objectives and long-term economic stability [5].