Government Shutdown Threatens Vital Economic Data: White House Official Warns of Permanent Damage to Statistical SystemThe recent government shutdown, lasting over six weeks and marking the longest in history, has raised serious concerns about the potential non-release of crucial economic reports for October. A senior White House official has indicated that key data, including the Consumer Price Index and jobs reports, might never see the light of day, potentially causing lasting damage to the nations statistical system. This development has left policymakers at the Federal Reserve without vital information during a critical period, as the spending impasse appears to be nearing its resolution. The inability to access this data has been a major concern for Wall Street, as important releases like the monthly nonfarm payrolls count and the consumer index are among those affected. Other impacted data includes retail sales, import and export figures, and details on consumer spending and income. Ms. Leavitts recent comments have cast serious doubt on the possibility of these reports being released, highlighting the profound challenges faced by economists, investors, and Federal Reserve policymakers in obtaining essential government data.

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