Measure for measure. (reliability of US government economic data releases)(includes related article)

Futures (Cedar Falls, Iowa), August, 1995 by Nusbaum, David

Securities traders and government officials have begun to question the validity of US government reports such as the Consumer Price Index, employment figures, advanced quarterly GDP and the National Assn. of Purchasing Management poll. Although most still rely on these measures in their trading activities, many claim that the numbers are either outdated or inaccurate. To this end, the Bureau of Labor Statistics will launch a new market basket in Jan. 1998 while the Bureau of Economic Analysis will shift from fixed-weight indices to chain-weighting measures.

Traders and U.S. presidents alike make major decisions based on U.S. government data releases, but today's rapidly evolving economy has some wondering whether these economic snapshots are seriously out of focus.

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