Biden Administration Is Changing The Rules So It Can Spin Economic Data Sooner

Breitbart ^ | 02/14/2024 | JOHN CARNEY

[Political Junkie Too]

How is an hour going to help an iceberg strike?

Here is an example.

The January Consumer Price Index (inflation index) was released last Friday at 8:30am EST. The stock market opens at 9:30am EST. That means that the Biden administration could not talk down the "hot" inflation report until after the stock market opened.

Today was a bad retail sales report for January, but the stock market doesn't seem to have responded to it. That report also came out at 8:30am EST.

This rule change would let them speak a half hour BEFORE the stock market opens.

On March 6 the February jobs report comes out at 8:30am EST. On March 8 the February unemployment report comes out at 8:30am EST.

This rule change allows the Biden administration to speak about the major economic index reports 30 minutes before the stock market opens instead of just when it opens.

-PJ