Analyst: If the non-agricultural data is weak, it is expected that the Trump administration will "pass the buck" to Biden
Analyst Anstey stated that if the upcoming non-farm data is weak, it is expected that the Trump administration will blame former President Biden. U.S. Treasury Secretary Besent said last month that about 6 to 12 months later, this would only be Trump's economy. U.S. Commerce Secretary Lutnick strongly refuted on Wednesday the claim that economic indicators reflect uncertainty brought about by changes in Trump's policies. When asked about disappointing ISM manufacturing data on Monday, Lutnick said in an interview: "The data you see is Biden's data." What Biden left for Trump was a "terrible economy he tried to fix".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Matrixport: Bitcoin implied volatility and skew indicate rising risk-off sentiment in the market
RootData: ZETA will unlock tokens worth approximately $4 million in one week