The Federal Reserve is more inclined to cut rates if the data is poor.

And in fact, it was the fact that these revisions in the latest report were so poor that has induced the market to believe now that the Fed may cut in September and that it may cut again in December.

In fact, it's not inconceivable that it cuts three times this year.

Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe, and the voice you just heard is Terry Wiseman.

He's a strategist at Macquarie Group and the author of a recent report titled,

How Do You Play the Data Integrity Mess?

He's going to talk to us about the recent firing of the head of the Bureau of Labor Statistics and what it means for investors.

We'll also talk a little bit about Johnson & Johnson and hear from that company's chief financial officer Joe Woke.

And I'm going to say just a couple of words about Yeti.

And what I'm calling, Peak Chug is a water bottle thing.

Listening in is our audio producer Alexis Moore.

Hi, Alexis.

Hey, Jack.

I'm back after a couple of weeks off through the magic of podcasting arts.

I know you kept the episodes flowing here, so maybe people didn't know I was away.

I want to talk to you about cars.

Help me diagnose a problem.

I've already fixed it, but I'm driving the car.

And every time I hit the brakes or I hit the gas pedal, I hear a metal bong.

Sounds like a bell noise.

It's coming from underneath the driver's seat.

...