If the US government shutdown delays the September jobs report, the interest rate meeting will face a data gap
according to the operating emergency plan released by the US Department of Labor earlier this year, if the federal government shuts down, the September employment report scheduled to be released next Friday will face delays. The specific scope of the current government shutdown is not yet clear, as most government agencies, including the Bureau of Labor Statistics responsible for compiling the monthly employment report, have not publicly updated their emergency plans. If Congress fails to pass a spending bill by next Tuesday, these agencies will operate according to emergency plans. A plan updated by the Department of Labor in March last year shows that once a shutdown occurs, all data collection work and planned data releases will be suspended. If the government shutdown continues and the release of Labor Statistics Bureau data is delayed, it will result in the absence of several key employment and inflation economic data before the next policy meeting of the Federal Reserve on October 28-29, undoubtedly increasing the risk of policy-making.
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
Ethereum whales accumulate $1.6 billion in ETH as price falls below $4,000

BlackRock requires strong investor demand before launching altcoin ETFs

The "Fog" and "Lighthouse" of Bitcoin L2: GOAT Network's Path Choices and Industry Baseline
When everyone can call themselves Layer2, a more fundamental question emerges: What does the Bitcoin ecosystem truly need?

Japan’s Crypto Market Surges 120% as Stablecoins Take Over

Trending news
MoreCrypto prices
More








