Government Shutdown: Economic Data Likely to be Delayed

In previous shutdowns, Government data from the BLS, BEA and Census Bureau were delayed. Data from the Federal Reserve was released on time. As an example, if the government shuts down, I expect New Home sales, durable goods and Q4 GDP to all be delayed next week. Unemployment claims will probably be released on time (and increase the following week due to the shutdown). The following week, the key report that will probably be delayed is the employment report for January. In addition, any shutdown will be expensive and impact Q1 GDP. From Goldman Sachs: A shutdown would have a modest economic ......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2Dpj8Eh
via IFTTT