President Trump continues to express his skepticism about the BLS data, claiming that recent job reports have been "rigged" in favor of the Radical Left Democrats. He asserts that the numbers have been manipulated to downplay Republican successes and make them appear less impressive. Trump promises to appoint a replacement to address these concerns.
The article highlights the numerous downward revisions in job data over the past 31 months, suggesting that something may be amiss with the measurements. Despite Trump’s criticism, the market seems to be responding positively, with expectations of a rate cut on the horizon.
As September approaches, the likelihood of a rate cut is high, with the Fed facing pressure to act in line with market expectations. The article speculates on how the Fed may respond to the labor data and the potential implications of a rate cut.
Source: Bloomberg
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