The Donald Trump administration keeps cancelling key economic reports and everyone is concerned.
On Monday (24 November), the US Bureau of Economic Analysis cancelled the release of its growth estimate report for the third-quarter GDP.
Before it was cancelled, the report had already been pushed back once, as it was scheduled to be released on 30 October. According to the department, the cancellation was due to the government shutdown, which recently ended.
The GDP report joins a list of other economic reports that have failed to be released, including the October jobs report and the October inflation report.
Despite president Trump’s continued insistence to the contrary, people’s wallets are feeling the effects of the poor economy, and many have speculated that the data cancellations are an attempt to withhold information about the true state of the economy.
The news of the latest cancellation was met with plenty of commentary online.
“If you’re keeping track at home, Trump admin has cancelled:
“- Jobs Report
“- Inflation Report
“- GDP Report
“I’m sure everything is just fine,” someone mocked.
https://www.indy100.com/politics/trump/trump-administration-gdp-report-cancelled-economy-2674350008
The US FED will not lower interest rates if they don’t have the data to corroborate it.