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Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data - WSJ

1. Trump fires Bureau of Labor Statistics official, raising data integrity concerns. 2. Investors may rethink U.S. investments if economic data can't be trusted. 3. McEntarfer's dismissal could harm U.S. assets amid escalating trade tensions. 4. Reliance on private data could increase but not replace government data accuracy. 5. JPMorgan's chief economist warns of risks to market integrity and TIPS.

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FAQ

Why Bearish?

Doubt in economic data integrity may cause investors to pull back. Historical context shows similar events led to market volatility.

How important is it?

Concerns over economic data affect market confidence, directly impacting JPMorgan's business.

Why Long Term?

Market impacts from data trust issues can take time to manifest, similar to previous recessions.

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