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Market Reactionin Financial Markets
2 hours ago

The dollar's rebound stalled as weak jobs data shifted Fed rate cut expectations, while Berkshire Hathaway's earnings fell due to insurance struggles and currency impacts.

President Trump fired the top Bureau of Labor Statistics official after the government published new data showing that U.S. hiring slowed sharply this summer

Wall Street JournalFriday, August 1, 2025 at 10:33:00 PM
NegativeFinancial MarketsPolitics & Economy
President Trump fired the top Bureau of Labor Statistics official after the government published new data showing that U.S. hiring slowed sharply this summer
President Trump dismissed the head of the Bureau of Labor Statistics following the release of new jobs data revealing a significant slowdown in U.S. hiring over the summer. Critics argue this move raises concerns about the independence and reliability of government economic statistics.
Editor’s Note: This story matters because it suggests political interference in nonpartisan government agencies, which could undermine public trust in official economic data—key information for businesses, investors, and policymakers making critical decisions. If stats are seen as manipulated, it could shake confidence in the entire system.
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