Agency: Using the Bureau of Labor Statistics as a scapegoat will undermine the credibility of US economic data

Mars Finance News, Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, said that if the number of non-farm jobs in the United States continues to be below 50,000 for six consecutive months, it would be considered a signal of economic recession. Therefore, the United States may have already achieved half of this. The good news is that concerns about an economic recession have strengthened expectations of Federal Reserve rate cuts; the bad news is that a weak economy was not part of Trump's promise. Rate cuts will not magically save the market, and blaming the consequences of the government's chaotic policies on the Bureau of Labor Statistics may damage the credibility of U.S. economic data.