BLS Nominee Suggests Major Shake-Up, Markets Rally on CPI News, Redistricting Drama: AM Update 8/13
President Trump nominates economist E.J. Antoni to lead the Bureau of Labor Statistics after record jobs data revisions spark calls for an overhaul of outdated data collection methods. A softer-than-expected inflation report fuels investor optimism, with markets hitting record highs and traders betting heavily on a September Fed rate cut. A Texas map fight escalates into a national gerrymandering war, with blue state governors threatening retaliatory redraws, as President Trump orders a mid-decade census excluding illegal immigrants. Hans Von Spakovsky from the Heritage Foundation breaks out the redistricting drama.
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