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Stock impact report

State Street buys private-sector inflation data provider [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
The merger comes at a fraught moment for government economic statistics, which have faced attacks by the Trump administration. Expert Quote : "The things that the administration has done that have undermined the trust in the data are unprecedented and very damaging," said Erica Groshen, a former commissioner of the U.S. Bureau of Labor Statistics. Forward Look : State Street hopes to give its investors an edge as they evaluate a quickly evolving macroeconomic environment. At a troubled moment for government economic research, State Street is betting big on private-sector data. On Monday, State Street Corporation announced that it has acquired PriceStats, a for-profit gatherer of daily inflation statistics. The Boston-based holding company of State Street Bank and Trust Company did not disclose the price of the acquisition. State Street had already been exclusively partnering with PriceStats since 2011, providing the custody bank's clients with proprietary data on the prices Show less Read more
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