Aberdeen: US government shutdown affects publication crucial labour market figures

Aberdeen: US government shutdown affects publication crucial labour market figures

1 oktober 2025

Verenigde Staten Politiek Fed

Luke Bartholomew, Deputy Chief Economist at Aberdeen, comments on the US government shutdown and its impact on the Fed:

'So far, the market seems to have taken the shutdown largely in its stride, and that’s not particularly surprising. For better or worse, investors have got relatively used to shutdowns over the last 15 years, and there is a well-established playbook on this now, especially given that this shutdown is not bound up with debt ceiling issues. The longer the shutdown continues the more the economic drag will build, perhaps around 0.15 percent points off growth a week.

But the more important market impact may be on slowing the release of crucial labour market data. The Fed is still very likely to cut again in October but given the importance of the labour market in its thinking at the moment and the various other political pressures the Fed is under, this lack of data clarity certainly won’t make its job any easier.'

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