Dow Jones Newswires released Fed data early

Dow Jones Newswires prematurely released news on Thursday from the Federal Reserve, the second early data release from the central bank in the last three months, reports Greg Robb of MarketWatch.com

Robb writes, “Dow Jones Newswires released headlines on August industrial production at 9:08 a.m Eastern. The data was scheduled for release at 9:15 a.m.

“It’s not clear if the early release moved markets. There was a small upward move in the S&P 500 futures contract around the time of the early release, and the contract did take another incremental step up after the official release time. The euro also moved slightly, two minutes after the Dow Jones Newswire report, but before the official release time.

“The report showed a weaker-than-expected 0.4% decline in industrial output, a report that, on the margin, would make it seem less likely that the Federal Reserve would hike interest rates this month.

“The Fed provides data to media organizations in a lock-up where reporters are able to review and prepare stories without being able to transmit them outside the room until a Fed employee restores data connections.”

Read more here.