Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Given the propensity of the current US administration to routinely provide unsubstantiated and often clearly incorrect information, I wonder to what extent you believe one can today depend on the accuracy and independency of statistical information such as eg. inflation numbers or any of the many financial parameters that we use to judge our investment decisions on ? Jan -
Hi Jan,
The statistical data such as the CPI (inflation data) is produced by the U.S. Bureau of Labor Statistics (BLS) — an agency within the U.S. Department of Labor. The CPI data received last night is compiled and released independently and cannot be altered by political figures, including the President or Congress.
At this stage we believe investors can take Trumps posts with a pinch of salt at times although ignoring them cost plenty of smart people money through April. However, while he doesn’t “control” the Fed, which is certainly not the case with his nemesis Jerome Powell in charge we are comfortable taking heed of the data flow for the US economy.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
