The U.S. government shutdown triggers market turbulence, with multiple key economic data releases delayed

The U.S. government shutdown not only affects public services but also has far-reaching impacts on financial markets. As the shutdown continues, many scheduled economic data releases are delayed, covering various aspects such as employment and prices, directly influencing investors' assessments of the U.S. economy.

**Employment market data hindered, several key indicators cannot be released as scheduled**

In the employment sector, the September and October non-farm payroll reports have become market focal points. These two reports are important indicators for assessing the health of the U.S. labor market. Additionally, initial unemployment claims, September JOLTS job openings data, the Department of Labor's employment trend index, and Q3 labor cost index are all facing delays. The absence of these data makes it difficult for investors to fully grasp the U.S. employment situation.

**Price indicators delayed, PCE data particularly critical**

Price data is also affected. The delay in releasing September PPI (Producer Price Index), core PCE inflation, and other PCE-related data hampers the market's ability to timely evaluate inflationary pressures. As a key inflation indicator for the Federal Reserve, the delay in PCE data has significant implications for monetary policy expectations. September import and export price indices and October CPI data are also delayed, which are usually important references for short-term market trends.

**GDP preliminary release delayed, macroeconomic outlook unclear**

In addition to employment and prices, the preliminary Q3 GDP release is also delayed. GDP, as the most important indicator of overall economic performance, its postponement directly clouds investors' understanding of economic growth. In the context of economic uncertainty, such delays are more likely to trigger market volatility.