The US government shutdown triggers a chain reaction, hindering the release of key economic indicators such as non-farm payroll data.

The US government shutdown not only impacts public services but also has a tangible effect on key data points that are crucial to the global financial markets. Due to the shutdown, the release of US non-farm payroll data, inflation figures, and macroeconomic indicators has been delayed.

Employment Market Data Release Suspended

The US non-farm payroll report, one of the most sensitive economic indicators, remains pending for September and October. At the same time, detailed employment indicators such as initial unemployment claims, September JOLTs job openings, and the Employment Cost Index have also been postponed. The employment trend indices for September and October are similarly unavailable as scheduled, depriving hedge funds and institutional investors of timely insights into labor market dynamics.

Inflation and Import-Export Data Temporarily Halted

The impact on inflation data is equally widespread. September’s PPI (Producer Price Index) data has yet to be released, and September PCE and its core version are also unavailable. The import-export price indices have been delayed, and the release date for October CPI data remains uncertain. These data points are directly related to the Federal Reserve’s policy decisions, and delays in their release will undoubtedly increase market uncertainty about future inflation trends.

Q3 GDP Initial Estimate Stumbles

On the macroeconomic front, the release of the Q3 GDP initial estimate has also been affected. The lack of economic growth data makes it difficult for market participants to accurately assess the US economic fundamentals, thereby impacting asset pricing logic.