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Fed's Goolsbee says central bank has other data options if shutdown disrupts economic reports

1. Federal Reserve may rely on alternate data due to potential government shutdown. 2. Labor Department will halt economic data releases amid a shutdown. 3. Important job and inflation data releases are scheduled for October. 4. Uncertainty clouds economic outlook at critical Fed meeting on October 28-29. 5. Chicago Fed's new indicators could guide decisions without official statistics.

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FAQ

Why Bearish?

Economic data is crucial for market confidence; absence may lead to volatility. Historically, government shutdowns often result in decreased market optimism.

How important is it?

The article highlights critical economic assessments, impacting investor confidence and S&P 500 movement.

Why Short Term?

Immediate uncertainty from potential data loss affects upcoming market decisions, particularly until the next Fed meeting.

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