U.S. Bureau of Labor Statistics: No economic data will be released during the government shutdown
U.S. Bureau of Labor Statistics has just released a government shutdown contingency plan, which will suspend all operations during the government shutdown and not release economic data. Currently, U.S. lawmakers are leaning towards forcing a federal government shutdown, which could prevent policymakers, business leaders, and investors from accessing the key data needed to assess the U.S. economic situation. Stephen Stanley, Chief Economist at Santander US Capital Markets, said the next Fed meeting will be held on October 28-29, and without the latest government data, it will be difficult to prove that another rate cut is justified. Some officials are already cautious about this and want to see more data. Neil Bradley, Chief Policy Officer of the U.S. Chamber of Commerce, said that a government shutdown will not push the U.S. economy into a recession, but it will come at a cost and increase the uncertainty that businesses and industry leaders are already dealing with.
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
XRP News Today: IMF Cautions That Tokenized Markets Could Face Collapse Without International Cooperation
- IMF warns tokenized markets risk destabilizing flash crashes due to rapid growth and interconnected smart contracts. - XRP highlighted as potential cross-border payment solution but not endorsed, alongside Stellar and Bitcoin-Lightning hybrid models. - Global regulators intensify oversight of tokenized assets, with ESMA, SEC, and central banks addressing governance and liquidity risks. - IMF stresses urgent need for coordinated policy frameworks to prevent fragmentation and systemic vulnerabilities in ev
Solana News Today: Avail's Nexus Mainnet: A Borderless Blockchain Ecosystem
- Avail launches Nexus Mainnet, a cross-chain infrastructure unifying liquidity across Ethereum , Solana , and EVM-compatible chains. - The platform uses intent-solver architecture and Avail DA verification to replace bridges, enabling seamless asset movement and shared liquidity. - Integrations with major chains and partners like Lens Protocol aim to streamline DeFi and trading, while $AVAIL token coordinates cross-chain transactions. - With Infinity Blocks targeting 10 GB blocks, Nexus addresses liquidit
Cardano News Today: ETFs Turn to Alternative Coins While ADA Stumbles and XLM Gains Momentum with ISO Compliance
- Franklin ETF expands holdings to include ADA , XLM, XRP , and others, reflecting institutional altcoin diversification driven by ISO 20022 compliance and SEC-approved rules. - Cardano faces short-term bearish pressure with 31% monthly decline, contrasting Stellar's bullish 2025/2030 price projections ($1.29–$6.19) fueled by RWA and cross-border payment demand. - ISO 20022 adoption (97% payment instructions) positions ADA/XLM as bridges between DeFi and traditional finance, with Ripple's ILP enhancing XLM
AI Crypto Faces a Pivotal Turn: Regulatory Demands Surpass Aspirations in 2025
Trending news
MoreCrypto prices
More
