Audit by Labor Department inspector general addresses issues with BLS data
The Big Money Show panel discusses a significant downward adjustment in US employment figures. This Wednesday, the Labor Bureau’s internal watchdog, the Labor Statistics Bureau (BLS), is facing scrutiny regarding its data collection methods for inflation and labor reports. The Inspector General’s office has notified BLS Chairman William Wiertrowsky that they are “initiating a review […]
Oversight agency looking into BLS data gathering practices
Review of BLS Economic Data Compilation Underway The Labor Bureau’s internal watchdog is starting to evaluate how the Labor Statistics Bureau (BLS) compiles its economic data. A letter from Labor Bureau aide Laura Nicolosi, sent on Wednesday, indicated that the review will focus on the monthly consumer price index (CPI), producer price index (PPI), and […]
Bitcoin targets $115K based on CPI data as traders split on another BTC price drop
Bitcoin Nears a Three-Week High Amid CPI Data Releases Key Points: Bitcoin is nearing a three-week peak as US CPI data aligns with projections. Market participants note that Bitcoin appears high as more investors lock in positions for the long term. The Consumer Price Index (CPI) has influenced Bitcoin prices over recent months. On Thursday, […]
GBP/USD keeps approaching 1.3550 as US CPI inflation data is expected.
GBP/USD saw modest gains on Wednesday while participants wait for the upcoming inflation report. US PPI inflation moderated in August, casting a favorable light on the Fed’s upcoming decision. US CPI inflation is set for release on Thursday, which may complicate the Fed’s path regarding future rate reductions. On Wednesday, GBP/USD made a slight bullish […]
S&P 500 reaches a new high thanks to positive inflation data, Oracle stock rises: Live updates
S&P 500 Hits New High, Encouraged by Lower Wholesale Prices On June 18, 2025, the trading scene was bustling at the New York Stock Exchange. The S&P 500 Index achieved a new record after an unexpected decline in wholesale price readings, which many investors are viewing positively as they anticipate Federal Reserve rate cuts next […]
Labor Department oversight examining issues with BLS data gathering
Labor Bureau Faces Challenges in Economic Data Collection On Wednesday, the inspector’s office of the Labor Bureau started evaluating the difficulties encountered by the Labor Statistics Bureau. This comes in light of significant downward revisions to both non-farm payroll and inflation data collection methods. Laura Nikolos, who assists with the audit, communicated with BLS Commissioner […]
Today’s Forex: Attention turns to US producer inflation data
Key Updates for September 10th Here’s what to keep an eye on for today: USD Performance The US dollar (USD) displayed resilience on Tuesday, seemingly unaffected by significant downward revisions to employment data. As Wednesday unfolds, it appears to be in a consolidation phase while market attention shifts to August’s producer inflation figures. Later today, […]
GBP/USD pulls back before US inflation data
The GBP/USD currency pair briefly reached a four-week high on Tuesday. A downward revision in anticipated job growth has bolstered the US dollar amidst speculation of Federal Reserve rate cuts. Upcoming inflation data, due next week, will precede the Federal Reserve’s upcoming decision. On Tuesday, GBP/USD approached its four-week peak, testing levels just above 1.3550 […]
Residents of Tarboro, North Carolina stand against the plan for a 50-acre data center.
Residents Push Back Against Data Center in North Carolina In a small southern community, residents are expressing their concerns over a proposed data center that could significantly impact their way of life. Tarboro, North Carolina is currently facing opposition to plans for a 50-acre site that would accommodate a 300-megawatt energy storage facility, which proponents […]
Stocks finish at all-time highs amid job concerns and upcoming inflation data
Major Indices Reach Record Highs The scene on the floor of the New York Stock Exchange (NYSE) looked optimistic as trading continued on August 26, 2025. On Tuesday, all three major indices hit record highs, easing previous concerns about the U.S. economy. The S&P 500 climbed by 0.27%, ending the day at 6,512.61. The Nasdaq […]