Market Uncertainty Grows Amid Revisions and Data Reliability Concerns
TL;DR Summary
The upcoming July Consumer Price Index (CPI) report is expected to show a slight increase of 0.2% for the month and 2.8% annually, with tariffs contributing to inflation. However, recent staffing cuts and data collection reductions at the Bureau of Labor Statistics (BLS) may lead to increased revisions and volatility in the CPI data, complicating the assessment of inflation trends amid political tensions.
- Massive revisions shook the jobs report. Tuesday’s inflation data could get cloudy, too CNN
- Wall Street is concerned about the reliability of government inflation data on the eve of CPI report CNBC
- Inflation Up or Down? What About Jobs? The Agency That Should Know Is on the Rocks - WSJ The Wall Street Journal
- What if You Can’t Believe the Official Numbers? The New York Times
- Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk Reuters
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