Are Americans supposed to think that the Trump administration canceling the release of economics reports is somehow a good sign for the economy?
The Bureau of Economic Analysis announced Monday that it had officially canceled releasing the advance estimate on gross domestic product (GDP) for the third quarter of 2025. The Trump administration had previously delayed the release, which was initially slated for October 30, due to the government shutdown—but now it seems to have been abandoned altogether.
Last week, the Labor Department called off releasing its monthly jobs report for October, and the Bureau of Labor Statistics scrapped its own report on inflation.
We’ll be lucky if it’s just a recession.
Hiding the data will prevent the market from reacting appropriately and self correcting. It’s very likely it will overcorrect. Combined that with trump’s incompetence and we have a high chance of getting to watch the economy go off the rails at full speed.