How is an hour going to help an iceberg strike?
Instead of a glancing blow, gives the regime time to make sure we hit the berg head-on.
I just very recently paid an extra 12% for a grocery item on what would arguably be the cheapest retail grocery outlet in town. What difference does an hour make when Biden is trying to convince us that inflation is going down, but it really isn’t?
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