Institution: Using the Bureau of Labor Statistics as a scapegoat will undermine the credibility of U.S. economic data

ChainCatcher news, Swiss Bank senior analyst Ipek Ozkardeskaya said that if the U.S. non-farm payrolls remain below 50,000 for six consecutive months, it will be seen as a signal of economic recession. Therefore, the U.S. may have already achieved half of this. The good news is that concerns about a recession have strengthened expectations for a Federal Reserve rate cut; the bad news is that a weak economy is not part of Trump's promises. 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 undermine the credibility of U.S. economic data.