Market analysis: Unreliable U.S. jobs data will exacerbate market volatility
2025-08-04 02:39:22
The atmosphere of skepticism in money markets continued to heat up last week after Trump fired the head of the US Bureau of Labor Statistics for "manipulating" the data. Kieran Davis, chief macro strategist at Coolabah Capital, said further downgrades to the US job growth data could further anger Trump. Davis warned that the administration has not yet appointed a replacement commissioner, but that it would increase volatility in financial marekts if the data were actually manipulated or were perceived as manipulated by the market (such as stopping the release of some data based on experience with environmental and health statistics). (Kim Ten)
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