🚀 U.S. Government Shutdown Affects Economic Data Releases
#USGovernmentShutdown #EconomicData #LaborStatistics #NonFarmPayroll #InflationReport #ADPEmploymentReport #JoblessClaims #FederalReserve #IndustrialProduction #DataDelay #MarketImpact #Furlough
According to BlockBeats, the U.S. Bureau of Labor Statistics (BLS) announced that no economic data will be released or collected during the government shutdown. This uncertainty affects the monthly non-farm payroll report scheduled for release this Friday. Additionally, the Labor Department's monthly inflation report, originally set for mid-October, may also be delayed depending on the shutdown's duration.
The delay in economic data releases shifts market attention to alternative data sources, such as the ADP monthly private sector employment report, which is expected on Wednesday. Weekly initial jobless claims data, collected by individual states, are anticipated to continue without interruption. Furthermore, reports like the Federal Reserve's monthly industrial production data will be released as scheduled, as the Fed's funding is not dependent on congressional appropriations.
Delayed reports will be published after the government resumes operations and data compilation is completed, although the quality of the data may be compromised. The impact on the inflation report is particularly significant, as the Labor Department relies on 'field price verification personnel' who monitor prices in various retail settings, and these individuals will be furloughed.#USGovernmentShutdown #EconomicData #LaborStatistics #NonFarmPayroll #InflationReport #ADPEmploymentReport #JoblessClaims #FederalReserve #IndustrialProduction #DataDelay #MarketImpact #Furlough
🚀 Traders Adjust Expectations for December Fed Meeting Amid Data Delay
#FedMeeting #InterestRate #FederalReserve #MarketExpectations #DataDelay #SwapsMarket #RateCut #LaborReport #USEconomy #FOMC
According to Odaily, traders are adjusting their expectations for the Federal Reserve's December policy meeting following the U.S. Labor Department's announcement that it will not release the October employment report. The confirmation of insufficient data to publish the report led to a sell-off in the federal funds futures market. Traders have now reduced their expectations for a 25 basis point rate cut at the December 10 meeting. They anticipate the Fed will maintain the benchmark interest rate between 3.75% and 4%.
The swaps market, which is linked to the Fed's policy rate, is currently pricing in only a 6 basis point cut for the December meeting, with a cumulative reduction of just 19 basis points by January. Prior to Wednesday, the swaps market had priced in an 11 basis point cut, suggesting a roughly even chance of a rate cut by the Fed within three weeks.
Leah Traub, a portfolio manager at Lord Abbet, commented, "We have long known there would be no October unemployment data, but the November data will not be available until after the Fed meeting, which should be disappointing for the market. Given the Federal Open Market Committee's divisions, this reduces the likelihood of a rate cut."#FedMeeting #InterestRate #FederalReserve #MarketExpectations #DataDelay #SwapsMarket #RateCut #LaborReport #USEconomy #FOMC
🚀 Etherscan Completes Routine API Maintenance with Temporary Service Disruptions
#Etherscan #APImaintenance #servicedisruptions #blockdata #datadelay #cacherefresh #PANews #Ethereum #ETH
According to PANews, Etherscan's official status page indicates that routine API maintenance was completed on December 4 between 10:00 and 12:00 (UTC+8). During this period, some services may have been temporarily suspended. Following the maintenance, there might be brief delays in data synchronization and cache refresh, with updates expected to resume gradually.
The latest block data on etherscan.io has experienced a delay of several minutes.#Etherscan #APImaintenance #servicedisruptions #blockdata #datadelay #cacherefresh #PANews #Ethereum #ETH
🚀 Planet Labs Extends Delay on Middle East Satellite Imagery
#PlanetLabs #SatelliteImagery #MiddleEast #Geopolitics #NATO #Security #CommercialSatellites #DataDelay #Intelligence
Planet Labs has announced an extension of its delay on commercial satellite imagery in the Middle East, increasing the period from four days to two weeks. Bloomberg posted on X, highlighting concerns that the intelligence gathered could potentially be used to target NATO members. The decision reflects heightened caution in the region, as tensions continue to influence operational strategies. Planet Labs aims to ensure that its satellite data does not inadvertently contribute to geopolitical conflicts or security threats. The company is taking steps to balance commercial interests with global security considerations.#PlanetLabs #SatelliteImagery #MiddleEast #Geopolitics #NATO #Security #CommercialSatellites #DataDelay #Intelligence