Marketplace All-in-One Even if the government reopens, what about all that economic data?
Nov 12, 2025
The podcast dives into the aftermath of a lengthy government shutdown, raising concerns about delayed SNAP benefits and unpaid federal workers. It discusses how the shutdown affects vital economic data, including employment and inflation reports, and what this means for the Federal Reserve. In a surprising twist, the failure of the IRS Direct File program is analyzed, alongside its impact on tax filing accessibility. Lastly, the representation of the U.S. at a significant climate summit is examined, showcasing various state leaders engaging in global discussions.
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Shutdown Created Major Data Gaps
- The shutdown disrupted BLS surveys for October and possibly November, leaving big gaps in employment data.
- That missing data complicates the Fed's December rate decision by obscuring labor and inflation signals.
Timing Of Surveys Matters For Policy
- The BLS surveys the week including the 12th of each month, and those were missed during the shutdown for October and so far for November.
- Missing monthly price and employment checks reduces the Fed's ability to read inflation and labor trends before its December meeting.
Wait For Data Before Banking On Cuts
- Expect the Fed to wait for clearer data before committing to a December rate cut.
- Investors should monitor delayed reports and partial indicators rather than assume a cut is imminent.
