Traders and investors will be left virtually in the dark next week as the government approaches 0 hour to shutdown. The US government is as I write this blog piece is only 9hours and 45mins to shutdown.
This will prevent the release of key economic data week, the vast majority of which is scheduled for 8:30am.
Crucial economic data, specifically related to inflation ref: PPI & CPI figures will not be released if the government fails to make a negotiated settlement in the next 9 and a bit hours.
These two data points are of vital importance for central bankers, specifically the Federal Reserve who use the CPI & PPI data to gauge potential inflationary effects on the overall economy i.e. food prices.
For a tick by tick update on events surrounding the government shutdown & countdown clock click
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