U.S. Government Shutdown Impacts Economic Reports Delaying Crucial Data Releases

The resolution of the U.S. government shutdown is shedding light on a potential backlog of economic data releases that have been delayed for over a month, impacting Wall Street and businesses alike. A pivotal report expected to emerge is the September employment data. While economists at Morgan Stanley predict its release as early as this Friday, it’s more likely available by next week at the earliest. 😓 In the worst-case scenario, key reports such as the Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) Price Index for October could even be delayed or completely omitted.