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Bloomberg· 2025-08-13 05:58
Copper traded near its highest close in almost three weeks as investors looked to key economic data from the US and China due in coming days https://t.co/DAWjsl7Xw3 ...
X @Bloomberg
Bloomberg· 2025-08-13 04:20
Britain’s embattled statistics organization is facing more real-terms cuts to its core funding despite concerns that financial pressures were one of the main factors behind a crisis in the country’s economic data https://t.co/Rfvv15vOG6 ...
Tariff impact on CPI likely to grow in months ahead, says fmr. NEC Deputy Director Daniel Hornung
CNBC Television· 2025-08-12 20:41
For more on what today's data is telling us about the US economy, let's bring Daniel Hornung, former deputy director of the NEC and a current research fellow at MIT. Daniel, it's great to have you on. And let's start right there.What was your read through for CPI and specifically for core CPI which did on an annualized basis come in a little hotter than expected and actually at the highest since February. Um but all not necessarily spiking or or not necessarily spiking uh to the extent that I think some peo ...
Can Trump’s new BLS pick mess with the data? Experts explain
MSNBC· 2025-08-12 20:15
Joining us now, former chief economist of the US Department of Labor, Betsy Stevenson, Financial Times columnist and head of King's College, Cambridge, Jillian Tet, and Phil Bump, who is still with us. Betsy, when EJ Antony says our own person or or you know repeats Steve Bannon wanting our own person in charge of BLS, in charge of the jobs numbers, in charge of this economic data, what does that suggest to you. a bad idea. It suggests a very bad idea.Look, we're not supposed to have our own person. We're s ...
Bond market may push back on less Fed independence, says VantageRock's Avery Sheffield
CNBC Television· 2025-08-08 20:19
Avery Sheffield is with us. Vanage Rock, co-founder, CIO, and senior portfolio manager. Good to have you.>> Great to be here. >> You care who the next Fed chair is. >> I think it Well, let's see. I think over the longer term it matters.Um, under the Trump administration, the next Fed chair, I think, is going to be, you know, chosen to uh be as compliant with Trump as as the markets will allow that person to be. So yes, I'm I I think if he if Trump does pick someone who would have more independence, I think ...
Trump unveils unverified economic data after firing head of labor statistics bureau
NBC News· 2025-08-08 01:30
Kelly O'Donnell is in Washington. Brian Chung is in New York. U Brian, we'll start with you and this sort of moment in the in the uh in the White House today in the oval with the president throwing up this chart, you know, describing some of these numbers that we don't have access to.We I don't know what we can make of this data, but how should we interpret this. Is this a moment where the president is being trailed now, of course, by the firing of his BLS chief. Yeah, and quite kind of an important side no ...
Fmr. Commerce Sec. Wilbur Ross on Trump's BLS firing: 'I can understand why'
Yahoo Finance· 2025-08-04 22:43
What's next on the trade deal front. I want to welcome back on to opening bid longtime investor Wilbur Ross. Mr.. Ross serves at the U as the US commerce secretary in President Trump's first term and has had a close relationship with the president for decades. Mr. . Secretary, always nice to get some time with you.Appreciate you coming on here. Um before we get into the topic of trade, I'm sure you've seen what's been going on uh with the president uh dismissing or firing the BLS commissioner. You know, you ...
Flying blind? Trump's claims have already 'undermined' BLS's reputation
MSNBC· 2025-08-04 17:52
Let's bring in Peter Baker, chief White House correspondent for the New York Times and an MSNBC political analyst. Former Republican Congressman Carlos Carbelloo is back. And joining me here in studio, NBC News business and data correspondent Brian Chung.Peter, as you wrote, the irony is that Donald Trump has never been especially wedded to facts, although now he's suggesting he's concerned that we aren't getting them. Uh with absolutely no evidence that anything about these numbers is made up, his top econ ...
Growth will be below potential in the back half of 2025, says Renaissance Macro's Neil Dutta
CNBC Television· 2025-08-04 15:44
to be a political party agnostic. Steve, thank you very much. Here with us now at post nine Renaissance Macro's head of economic research Neil Dutta.Neil writing this weekend quote the US public statistics represent the gold standard, calling them into question. Just because they tell you something you don't like undercuts market confidence. Do you feel like the market confidence has been undercut at this juncture.>> Well, it takes time to undercut confidence. I mean, I think the risk for the white House is ...
Evercore ISI’s Krishna Guha on why the Fed is in 'wait and see' mode
CNBC Television· 2025-08-04 14:49
You do think the setup is largely about September and how they line that up. And you point out that some of the data has been reassuring. Some of it does point to maybe some below potential growth, right.Yeah. Look, um, we know what's happening this week, right. The Fed is not going to cut.They're going to stick to the wait and see through the summer approach, make the decision in September. Though the two Trump appointees, Waller and Bowman, will, I think, descent in favor of an immediate cut. So yeah, the ...