Summary
The U.S. government shutdown that began on Wednesday will delay the release of important economic data. This includes the monthly jobs report and weekly unemployment benefits report, impacting both policymakers and investors.
Key Facts
- The U.S. government shutdown started on Wednesday.
- Important economic reports, like the monthly jobs report, are delayed due to the shutdown.
- A report on weekly unemployment claims is also postponed.
- The data delays could affect decision-making for the Federal Reserve and investors.
- The Federal Reserve is currently deciding on interest rates amid economic uncertainty.
- Inflation is above the Federal Reserve's target of 2%.
- The unemployment rate increased in August.
