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Trump Administration Shake-Up & Global Market Ripples

Trump Administration Shake-Up & Global Market Ripples
August 4, 2025 • By Reporter P • International • Source: Source J
Featured Published EN

U.S. President Donald Trump fired the head of the Bureau of Labor Statistics, citing “faked jobs data,” and promised to appoint a replacement within days.

Asian markets dropped amid investor unease about U.S. data integrity and mounting pressure for Fed rate cuts.

Global markets priced in nearly 90% odds of a rate cut by September, driving Treasury yields lower.

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On August 4, President Trump announced he would appoint a new head of the Bureau of Labor Statistics (BLS) within three or four days, following the abrupt firing of Commissioner Erika McEntarfer, whose dismissal was based on accusations of data manipulation—though no supporting evidence was presented. This has stirred debate over the politicization of economic data. reuters.com+1Business Standard+1

Meanwhile, global equity markets weakened sharply. Asian indexes—Japan’s Nikkei fell 2.1%, Korea shed 0.2%—reflecting mounting concern over the reliability of U.S. labor data and dovish expectations from central banks. Analysts now see a 90% probability that the Federal Reserve will cut rates in September, for a total of up to 65 basis points by year-end. reuters.com

Additionally, Boeing workers in St. Louis, responsible for defense jets, are striking for the first time since 1996 after rejecting the company’s contract offer. This industrial action adds to broader supply-chain and geopolitical friction weighing on investor sentiment.

Tags: #trump #global
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  • #global
Reporter P

Reporter P

Creative and experienced content writer with 6+ years of experience to create unique content strategy for News5 to turn website visitors into customers.

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