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Barring a last-minute deal between Democrats and Republicans today, the government is on track to shut down at 12:01 am. If funding for the government ends, it would temporarily suspend some, but not all, US government operations until Congress agrees to a budget to reopen the affected services.
The House previously approved a temporary spending bill, which leaves a Senate vote as the only option to keep the government open. Politico reports: “The Senate will hold a vote Tuesday on a House-passed stopgap funding bill — effectively the final off-ramp to avoid a shutdown.” The betting site Polymarket indicates a 78% chance that a shutdown will occur. Kalshi, another betting market, reports similar odds.report for September. The Bureau of Labor Statistics issued a notice advising that “BLS will suspend all operations” if funding stops as of Oct. 1. “Economic data that are scheduled to be released during the lapse will not be released… The BLS website will not be updated with new content or restored in the event of a technical failure during a lapse.” Inflation data could also be affected, depending on how long a shutdown lasts. The BLS publishes monthly updates of the Consumer Price Index (“It’s already complicated enough to interpret the labor market data. If we have a period of time where the data isn’t available, those challenges would significantly increase,” Nathan Sheets, global chief economist at Citigroup, tells CNN. “If a shutdown happens and it lasts any significant amount of time… you could see a cascade effect where data really just gets pushed back and pushed back,” notes Gennadiy Goldberg, head of US rates strategy at TD Securities. “For markets, that’s a difficult thing given just the sheer amount of data dependence that the Fed is leaning on.”Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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