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Market Awaits Inflation Data Amid Political Shifts at BLS
Market Awaits Inflation Data Amid Political Shifts at BLS
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BTCCSquare news:
US stock futures hovered NEAR equilibrium as investors braced for July's inflation report, a key indicator for Federal Reserve policy decisions. The political landscape added volatility with President Trump's abrupt replacement of the Bureau of Labor Statistics commissioner and nomination of Heritage Foundation economist E.J. Antoni, signaling potential methodological shifts in economic data reporting.
Intel shares saw after-hours momentum following a conciliatory meeting between CEO Lip-Bu Tan and the president, contrasting with last week's public call for resignation. Meanwhile, a reported 90-day tariff reprieve on Chinese goods failed to buoy equities during Tuesday's session, reflecting persistent trade war anxieties.
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