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fromAxios
2 days ago

U.S. economy should take off by fourth quarter, Bessent predicts

Bessent criticized the weak jobs data released Friday, extending recent administration claims that the numbers aren't correct and haven't been collected properly. (Trump fired the commissioner of the Bureau of Labor Statistics after the August report, and said without evidence that the BLS rigged the data against him.) "President Trump was elected for change, and we are going to push through with the economic policies that are going to set the economy right," Bessent said. "I believe by the fourth quarter we are going to see a substantial acceleration."
US politics
US politics
fromwww.mediaite.com
1 month ago

Trump Trots Out His Own Numbers on the Economy Days After Firing Data Chief

Trump accused jobs data of being rigged after soft numbers and revisions.
Moore claimed BLS overestimated job creation by 1.5 million.
US politics
fromThe Atlantic
1 month ago

Donald Trump Shoots the Messenger

Trump engages in both manipulative and impulsive authoritarian moves, exemplified by the firing of BLS commissioner Erika McEntarfer over unfavorable job data.
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from24/7 Wall St.
3 months ago

S&P 500 (NYSEARCA: SPY) Live: Markets Show Resilience in Face of Sputtering Economy

Markets resilient despite disappointing jobs data.
Nvidia regains status as most valuable company, surpassing Microsoft.
Weak private payroll growth raises calls for interest rate cuts.
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