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Heads may roll at Bloomberg after publishing Fed data early

From nypost.com

Central banks had better beware of Bloomberg. The financial data giant “inadvertently” broke the embargo on sensitive Federal Reserve meeting minutes on Wednesday — the second time since 2013 that the company’s need for speed led to leaked data to its customers. Bloomberg, like other news organizations, routinely receives documents from the Fed early so its reporters can read the usually dense data and craft a story. Reporters agree to an “embargo” — or a promise not to publish information before a certain time — so that investors get the information at about the same time. On Wednesday, about 24 minutes before a ... (full story)

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  • Category: Breaking News