Can the Fed Get Missing Economic Data in Time for Rate-Cut Decision?
The 42-day shutdown halted key economic reports, delaying jobs and GDP data; the embargo ends with a bipartisan spending deal reopening government through January 31.
6 Articles
6 Articles
Can the Fed Get Missing Economic Data in Time for Rate-Cut Decision?
What do airline pilots have in common with Federal Reserve policymakers? Both risk flying blind because of the government shutdown. While a stopgap funding deal is officially in place and will likely be signed, sealed, and delivered by the end of the week, the government still has some work to do to fill in its backlog of missing economic data from September and October that would have been published already were it not for the longest shutdown…
‘Cloudy Weather’: Hassett Says Some Economic Data Was Never Collected During Shutdown
Evan Vucci/APSome essential U.S. economic data used to calculate job growth, GDP, inflation and other critical information used by policymakers may never be released because of the extended government shutdown, White House National Economic Council Director Kevin Hassett said Tuesday."I've been told that some of the surveys were never actually completed, so we'll perhaps never even know what happened in that month," Hassett said in an interview …
No Inflation Data, No Confidence: when Will the Cryptocurrency Market Recover Its $408 Billion Loss?
The US government shutdown wiped $408 billion out of cryptocurrency markets, as missing inflation data and the halt in ETF approvals shook investor confidence.
Possible US shutdown end brings investor relief, fresh data focus – PR informa
With an end to the U.S. government shutdown potentially on the horizon, investors who feared more economic fallout breathed easier and turned to an expected flood of delayed data to shed more light on growth and the likely path for interest rates. Markets on Monday welcomed the prospect of a federal reopening. Stocks are recouping some of their losses from last week, following news late on Sunday that the U.S. Senate reached a compromise and mov…
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