Recently, the U.S. Bureau of Labor Statistics announced an emergency measure to cope with the government shutdown. According to the plan, during the government shutdown, the bureau will suspend all operational activities, including the cessation of the release of important economic data. This decision could have far-reaching implications for the formulation of U.S. economic policy.



Currently, the U.S. Congress is facing a tricky situation, where lawmakers' decisions could lead to a federal government shutdown. If this happens, it will have an impact on multiple parties. Policymakers, business leaders, and investors may not be able to access the key information needed to assess the state of the U.S. economy, which will undoubtedly increase the difficulty and risk of decision-making.

Stephen Stanley, the chief economist at Santander's U.S. Capital Markets, expressed concern about this. He pointed out that the next meeting of the Federal Reserve is scheduled for the end of October, and if there is a lack of the latest government economic data by then, it will be difficult to provide sufficient justification for further interest rate cuts.

It is worth noting that some officials have maintained a cautious attitude towards the current economic situation, hoping to obtain more data to support decision-making. Neil Bradley, chief policy officer of the U.S. Chamber of Commerce, believes that a government shutdown is unlikely to directly lead to a recession in the U.S. However, he simultaneously warns that such a situation would indeed bring economic costs and exacerbate the uncertainties that businesses and business leaders are already facing.

This potential government shutdown event once again highlights the significant impact of political decisions on economic operations. It may not only affect the short-term release of economic data but could also have far-reaching effects on long-term economic policy formulation and market confidence. During this period of uncertainty, all parties need to closely monitor developments and prepare for various possible scenarios.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)