Wall Street leaning harder on private data

President Donald Trump next to a chart on household income in the Oval Office of the White House in Washigton. Photographer: Yuri Gripas/Abaca/Bloomberg

WASHINGTON: Philip Petursson has relied on Bureau of Labour Statistics (BLS) data for decades to inform his investing recommendations at IG Wealth Management. Not solely, but as a key input, he says.

That changed when President Donald Trump said the BLS “rigged” July’s labour report and fired Erika McEntarfer, the agency’s head.