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U.S. Bureau of Labor Statistics Nominee Tells Congress to “Flip the Script”: Denies Data Faking Claim, Emphasizes Agency Independence

2 hours ago

June 11 — Brett Matsumoto, the nominee to serve as Commissioner of the U.S. Bureau of Labor Statistics (BLS), told a Senate confirmation hearing Tuesday that he found no evidence of employment data manipulation or "falsification" during his tenure, indirectly pushing back on recent controversies surrounding the agency’s official statistics. Earlier, former President Donald Trump fired BLS Commissioner Erika McEntarfer over a lackluster jobs report and accused the agency’s data of "artificial manipulation"—but provided no evidence to support the claim, sparking public concern. During the hearing, Matsumoto explained that significant data revisions often stem from technical factors and do not validate allegations of "data falsification." If confirmed, he stated he would prioritize upholding the BLS’s professionalism and independence, ensuring data is released on schedule and in compliance with federal law. He also noted the agency faces structural challenges that could undermine future data quality, including tight funding constraints and declining response rates to its surveys. The survey-based statistical system, he warned, is under long-term sustainability pressure. To address this, Matsumoto advocated for integrating new data sources and technological tools—such as business payroll data and artificial intelligence—to boost the reliability of the agency’s figures. The nomination is now pending further review and a final confirmation vote from the U.S. Senate.
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JPMorgan Chase: May CPI May Have Peaked, Fed May Stay "On Hold," But Market Still Betting on Rate Hike by Year-End

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Binance Wallet Launches SPCX x IPO Event, Opens SpaceX Tokenized Stock Purchase

June 11 – Binance Wallet announced today it will launch the SPCX x IPO Campaign, opening a subscription channel for tokenized SpaceX securities to eligible users. Participants can take part in potential IPO price discovery through the xStocks mechanism. Key details of the offering: The minimum subscription amount is 100 USDC, with a reference price of roughly 135 USDC — which corresponds to a valuation of approximately $1.75 trillion. The subscription window runs from June 11 to June 12, 2026. Users must lock up USDC to participate; final allocations will be determined by the issuer and underwriter based on demand, and any unallocated funds will be fully refunded. The announcement clarified that SPCXx is a tokenized asset issued by Backed via xStocks. It only provides price tracking exposure, not direct ownership of SpaceX stock. Additionally, SPCXx does not come with dividends, voting rights, or any other shareholder privileges. This offering uses Binance Wallet’s Alpha Points tier

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ECB Considers Rate Hike to Address Energy Shock Inflation, Potentially Marking First Tightening Since 2023

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Trump's Shift in Attitude Towards "Embracing Inflation" May Provide Policy Space for Incoming Fed Chair Powell

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Whale Continues to Increase Bitcoin Holdings, Withdraws Over 3000 BTC in the Past 5 Days from CEX and Custodian

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