Announcement: October ADP Employment Report to Be Released Tonight as Scheduled, Most U.S. Economic Data Will Experience a "Downtime" of Over 60 Days
BlockBeats News, November 5th: The US October ADP Employment Change (in thousands) will be released as scheduled tonight at 21:15 Beijing time, becoming one of the few recent macro data references for the Federal Reserve. The previous value was -32k, with an expected value of 28k.
The US Department of Labor stated yesterday evening that economic data will not be released until the government shutdown is over, meaning US economic data will have been "interrupted" for over 60 days. This interruption includes the monthly jobs report, monthly unemployment rate, monthly CPI inflation data, monthly PPI inflation data, monthly retail sales data, and monthly housing starts data. The Federal Reserve's rate cut decision is navigating through the "darkness" with difficulty.
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