Chicago Fed Forecasts 4.3% Unemployment Rate Amid Government Shutdown

The Chicago Federal Reserve has issued a real-time forecast predicting a 4.3% unemployment rate for September, despite the ongoing U.S. government shutdown and lack of official Bureau of Labor Statistics data. This estimate highlights potential challenges in relying on macroeconomic data during this crucial period. The Fed’s prediction comes as key financial markets are impacted by the absence of timely job statistics, with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) exhibiting no direct correlation to the forecasted unemployment figures.