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re: Biden Admin is reportedly leaking bureau of labor statistics to Blackrock and JPMorgan
Posted on 4/11/24 at 12:47 pm to moneyg
Posted on 4/11/24 at 12:47 pm to moneyg
Here is an article that explains further. There are companies getting this information like Millennium Capital Partners, Citadel, Moore Capital Management, etc..
JPMorgan, BlackRock among BLS economist’s CPI 'Super Users'
JPMorgan, BlackRock among BLS economist’s CPI 'Super Users'
This post was edited on 4/11/24 at 12:48 pm
Posted on 4/11/24 at 1:34 pm to TigerDoug
quote:
TigerDoug
Appreciate the assist with the info there!
Posted on 4/11/24 at 1:40 pm to TigerDoug
As expected, this does not reflect the intentional misinformation in the tweet OP cited.
Not likely proper dissemination of information, but nothing close to "insider information" that would help them make trades. They weren't given data, but more an explanation in how BLS calculated their publicly-reported information.
quote:
The BLS economist answered numerous inquiries about details within the consumer price index in recent months, mostly related to computations in key categories within shelter as well as used cars, according to records requested by Bloomberg.
quote:
Economists have been clamoring to find out more about these “super users” after the BLS staffer addressed an email to those people in February, suggesting that a change to the weights of underlying data within a key measure of rental inflation was behind its surge in January’s CPI. The BLS told recipients to disregard its contents, and subsequently tried to clear the confusion with a notice on its website. The agency also said that the email was “a mistake.”
quote:
The BLS economist often pointed users to relevant links on the agency’s website. But in at least one case, he shared information that wasn’t publicly available at the time, related to the calculation for the used cars index within the CPI.
Not likely proper dissemination of information, but nothing close to "insider information" that would help them make trades. They weren't given data, but more an explanation in how BLS calculated their publicly-reported information.
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