US President Donald Trump Signs 43-Day-Long Plan! The White House Makes Important Statement That the Fed Won't Like!
The US government shutdown, which has been in effect for more than 40 days since the beginning of October, has finally come to an end.
US President Donald Trump has officially signed a temporary funding bill to end the federal government shutdown, ending the longest government shutdown in history at 43 days.
With the government's resumption of operations, budget implementation and public services will resume.
At this point, markets are also waiting for policy uncertainty to diminish and important economic data to be released again.
According to NBC News, White House spokeswoman Karoline Leavitt said at a briefing that key economic data such as the October CPI and employment report likely will not be released.
“Democrats have done lasting damage to the federal statistical system. The October Consumer Price Index (CPI) and employment report are likely to be withheld, and the credibility of all future economic data has been shaken.”
While economists were already predicting that the October CPI indicator might not be released, Goldman Sachs also stated that they agreed.
Accordingly, Goldman Sachs analysts said that the release of key macro indicators, including the October Consumer Price Index (CPI), will be difficult.
President Trump signed the temporary budget bill that officially ended the government shutdown, but it will take time for the process to return to normal, according to analysts.
“The Bureau of Labor Statistics will announce a new schedule for the release of indicators. The release of other key economic indicators may also be delayed sequentially,” Goldman Sachs said.
As is known, October CPI data is expected to be announced today.
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.
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