Ongoing speculation suggests that the United States government may experience a shutdown at the end of the week. Furthermore, a recent report suggests that this will result in the indefinite suspension of the publication of inflation and employment data.

“As a result, the September jobs report and the Consumer Price Index would not be released,” a recent report revealed.

US Government Shutdown Potential for Uncertainty in Crypto Market

As per a recent report, a US government shutdown would trigger the cessation of report publications across all US government bodies:

“The suspension of the reports would occur across all government agencies such as the Labor Department’s Bureau of Labor Statistics (BLS) and the Commerce Department’s Census Bureau and Bureau of Economic Analysis (BEA)”

Additionally, the report highlights that this would leave monetary policy officials, investors, and American citizens “in the dark.”

BeInCrypto recently reported that the US government’s funding could potentially be depleted after September 30. A shutdown looms if Congress fails to reach an agreement and pass a spending bill by the month’s end.

In the past, Bitcoin has tended to go up in price when people expect the Consumer Price Index (CPI) to drop or have a modest increase.

It was reported on August 11 that just 48 hours after a Go to Source to See Full Article
Author: Ciaran Lyons

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