Marketplace Morning Report Even if the government reopens, what about all that economic data?
Nov 12, 2025
The podcast dives into the aftermath of the government shutdown, raising pressing questions about the distribution of food stamps and federal paychecks. Economic data releases are significantly delayed, affecting the Federal Reserve's plans. It also discusses the closure of the IRS Direct File program, exploring the implications of lobbying against it and its future potential. Additionally, there’s a look at U.S. participation in Brazil's climate summit, highlighting local leaders' commitment to environmental issues.
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Episode notes
Shutdown Created Data Blind Spots
- The government shutdown paused critical economic data collection and reporting, creating gaps for September through November reports.
- Those gaps hinder the Federal Reserve's ability to assess labor and inflation ahead of its December meeting.
Survey Timing Undermines Monthly Reports
- BLS surveys occur the week including the 12th, and missed months mean incomplete labor market snapshots.
- Missing October and November surveys will give the Fed only a partial picture before its December meeting.
Watch Fed Reaction, Not Calendar Hopes
- Expect the Fed to factor in data gaps and uncertainty when deciding on December interest-rate moves.
- Monitor partial indicators and Fed commentary rather than assuming a preset rate cut timeline.
