Goolsbee Warning from Fed

Chicago Federal Reserve President Austan Golsby said on Tuesday that the central bank will discuss the sources of alternative data that must be taken into account at its meeting in October if the upcoming economic data is not launched as scheduled due to the closure of the potential government.

The government is scheduled to close at 12:01 am US EST on Wednesday if Congress fails to agree to extend the financing. The House of Representatives has issued a continuous decision, but efforts have stopped in the Senate as Democrats are pressuring to continue financing health care subsidies stipulated at the end of their validity. The Ministry of Labor will be included, and she will stop everyone Economic data data In the case of partial closure.

“The work statistics office is our best data.” “It hurts that we will not get official statistics at exactly a moment when we try to find out that is the economy that is going through a transitional stage.”

Party confrontation threatens decisive economic data, leaving the Federal Reserve – and families – in the dark

It is expected that the Ministry of Labor Statistics Office will issue data on the initial unemployment claims on Thursday and September Non -agricultural salary statements Friday. The consumer price index is scheduled to be released for the month of September, which is a wide measure of the amount of daily goods such as gasoline, grocery stores and rental cost, on October 15.

The inflation remained stubbornly in August, where the Federal Reserve weighs discounts in interest rates

The next policy meeting in the Federal Reserve is scheduled to be held on October 28-29.

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Recently, the Federal Reserve provided Chicago laboratory “The indicators and what is one of these take 11 different data source, some of them from official data, but many of them are from the private sector and expect in the actual time to what will be the next unemployment rate,” Gulsby said.

“Therefore, we will fiercely tend to our employment estimates, on our workers’ demobilization and other separate price estimates and the unemployment rate now if we cannot get official data.”