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White House says October jobs and inflation data may never be released

1. October economic reports may be unreleased due to government shutdown. 2. This includes crucial CPI and jobs reports, impacting economic policy. 3. Permanent damage to data collection could hinder Fed decision-making. 4. Wall Street is concerned about the implications of missing key data. 5. Shutdown's duration has caused uncertainty among economists and investors.

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FAQ

Why Bearish?

The inability to access critical economic data raises investor uncertainty. Historically, missing key reports has led to market volatility, such as during the 2013 government shutdown.

How important is it?

The lack of economic data could seriously impact S&P 500 performance by increasing uncertainty and volatility among investors.

Why Short Term?

Immediate market reactions can occur due to investor uncertainty from lack of data. Past examples show swift impacts during similar scenarios.

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