Trump appears to have broken federal law with tweet teasing jobs report

Trump’s tweet is at odds with federal regulations, which says that “employees of the Executive Branch shall not comment publicly on the data until at least one hour after the official release time.”

Traders picked up what Trump was laying down. Treasury yields shot up in the hour between Trump’s tweet and the jobs report’s release. Trump’s tweet establishes a precedent that could be problematic going forward. With the president having now broken long-established protocol and proven that he’s willing to tease strong jobs reports, it seems likely traders will make the opposite inference if he says nothing.  

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