Express
Institution: Blaming Bureau of Labor Statistics as Scapegoat Will Damage Credibility of US Economic Data
Summary: According to Reuters, senior analyst Ipek Ozkardeskaya of Swiss bank UBS stated that if the US non-farm payroll numbers remain below 50,000 for six consecutive months, it would be seen as a signal of economic recession. Therefore, the US may already be halfway there. The good news is that concerns about economic recession have strengthened ...
According to Reuters, senior analyst Ipek Ozkardeskaya of Swiss bank UBS stated that if the US non-farm payroll numbers remain below 50,000 for six consecutive months, it would be seen as a signal of economic recession. Therefore, the US may already be halfway there. The good news is that concerns about economic recession have strengthened expectations of a Fed rate cut; the bad news is that a weak economy is not part of Trump's promises. Cutting rates will not magically save the market, and blaming the consequences of government policy chaos on the Bureau of Labor Statistics may damage the credibility of US economic data.
Tags:
Link: Institution: Blaming Bureau of Labor Statistics as Scapegoat Will Damage Credibility of US Economic Data [Copy]
