News

Jinse Finance reported that Goldman Sachs economists Elsie Peng and Ronnie Walker stated in a report: "The U.S. federal government shutdown has delayed the release of almost all federal economic data for September and October. Although the government shutdown appears to be coming to an end, statistical agencies will need time to process the backlog of data." Goldman Sachs expects that, assuming the U.S. government reopens before the end of this week, the U.S. Bureau of Labor Statistics will release the latest October employment data early next week (Tuesday or Wednesday), but aside from that, the release of other major data is expected to be delayed. Goldman Sachs noted that this means the November employment report and inflation report may be "delayed by at least a week."

Jinse Finance reported that Nomura Securities expects the Federal Reserve to keep interest rates unchanged in December. Although the U.S. government shutdown has affected the release of official data, recent indicators still show resilience in the job market. The firm pointed out that Federal Reserve Chairman Powell's unexpectedly hawkish tone at the October press conference reinforced the view of pausing rate cuts. It is expected that President Trump will criticize this decision, claiming that it prematurely restricts economic growth.