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US consumer prices increase moderately in July; data quality concerns rising
U.S. consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months. The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through July, the CPI advanced 2.7% after rising 2.7% in June. Economists polled by Reuters had forecast the CPI rising 0.2% and increasing 2.8% year-on-year. Excluding the volatile food and energy components, the CPI rose 0.3%, the biggest gain since January, after climbing ... (full story)
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From @DeItaone|Aug 12, 2025SEC'S PEIRCE: WE'RE NOT WAITING FOR LEGISLATION TO WORK ON CRYPTO
From bnnbloomberg.ca|Aug 12, 2025Circle posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and ...
From @DeItaone|Aug 12, 2025|43 comments*EJ ANTONI SUGGESTS SUSPENDING MONTHLY JOBS REPORT: FOX BUSINESS
Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics, suggested suspending the agency’s closely watched monthly jobs report, arguing that its underlying methodology, economic modeling and statistical assumptions are fundamentally flawed. In an interview with FOX Business ahead of Monday’s nomination announcement, Antoni criticized the data behind the monthly jobs report as unreliable and frequently overstated, warning that it misleads key economic decision-makers from Washington to Wall Street. "How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary policy – when they don’t know how many jobs are being added or lost in our economy? It’s a serious problem that needs to be fixed immediately," Antoni told FOX Business.
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From @FirstSquawk|Aug 12, 2025White House: Plan For Bureau Of Labor Statistics To Continue Monthly Reports
From omfif.org|Aug 12, 2025Money is power, and power is money, as everyone knows. So it’s worth paying special attention to the technological revolution that’s about to disrupt the world’s money flows at ...
From morningstar.com|Aug 12, 2025|1 commentTwo members of the Federal Reserve's top leadership indicated Tuesday they don't think the central bank needs to lower interest rates, arguing the economy is managing to hold its ...
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- From bls.gov|Aug 12, 2025|82 comments