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Strategist: US Employment Data Mistrust to Escalate Financial Market Volatility
BlockBeats News, August 4th: Last week, Trump dismissed the director of the US Bureau of Labor Statistics on the grounds of data "manipulation," fueling further uncertainty in the financial markets.
Kieran Davies, Chief Macro Strategist at Coolabah Capital, suggested that further downward revisions to US employment data could provoke Trump even more. Davies warned that the government has not yet appointed a replacement commissioner, but if the data is perceived to be manipulated in reality or in the market's eyes (such as ceasing the publication of data based on environmental and health statistics), it will increase financial market volatility. (FXStreet)
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