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U.S. Government Shutdown Delays Key Economic Reports

11/11 13:33

According to BlockBeats, the resolution of the U.S. government shutdown is becoming clearer, indicating that Wall Street may soon receive a series of crucial economic reports that have been delayed for over a month. The first of these reports is expected to be the employment data for September. Economists at Morgan Stanley predict that the September employment report could be released as early as this Friday, though it is more likely to be available early next week. In a worst-case scenario, the Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) Price Index for October may not be released at all. The PCE index is the Federal Reserve's preferred measure of inflation. Alternatively, the U.S. Bureau of Labor Statistics might attempt to compile the month's inflation trends. However, economists warn that the quality of such reports would be significantly compromised, and their release might be so delayed that they lose relevance. The delay in the September employment report and the potential absence of October inflation reports will leave the Federal Reserve with insufficient data to make informed decisions on whether to cut interest rates for the third consecutive meeting.

Bullish

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