U.S. Bureau of Labor Statistics: No economic data will be released during government shutdown
Jinse Finance reported that the U.S. Bureau of Labor Statistics has just released its government shutdown contingency plan, announcing that all operations will be suspended and no economic data will be released during the government shutdown. Currently, U.S. lawmakers are leaning toward forcing a federal government shutdown, which could prevent policymakers, business leaders, and investors from accessing the key data needed to assess the state of the U.S. economy. Stephen Stanley, Chief Economist at Santander US Capital Markets, stated that the next Federal Reserve meeting will be held on October 28-29, and without the latest government data, it will be difficult to justify another rate cut. Some officials have already taken a cautious stance, hoping to see more data. Neil Bradley, Chief Policy Officer at the U.S. Chamber of Commerce, said that a government shutdown will not push the U.S. economy into recession, but it will come at a cost and add to the uncertainty that businesses and business leaders are already dealing with.
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