The ongoing U.S. government shutdown has disrupted the Federal Reserve's access to crucial labor and inflation data, complicating its upcoming rate decision. The absence of two monthly jobs reports and the suspension of in-person data collection by the Bureau of Labour Statistics have left policymakers uncertain about the current state of the job market and inflation trends. While private data sources provide some information, they are insufficient to fully inform the Fed's decision-making process, leading to increased internal divisions.
Despite these challenges, cryptocurrency legislation is progressing, although staffing delays have been noted. The legislative efforts continue to move forward, indicating a sustained focus on regulating the digital asset space even amidst broader governmental disruptions.
U.S. Government Shutdown Hinders Fed's Rate Decision Amid Data Gaps
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