Trump Ends 43-Day US Government Shutdown, CPI Data Delayed
President Donald Trump signed a temporary funding bill to end the 43-day US government shutdown, the longest in history. While federal operations and services will resume, the White House warns that key economic data—including the October Consumer Price Index (CPI) and employment report—are likely to be delayed, citing damage to the federal statistical system. Economists and Goldman Sachs analysts expect further postponements as agencies restore schedules. The delay in economic data release amplifies policy uncertainty, following the protracted US government shutdown, and may affect market stability and the Fed’s outlook.
Bearish
The news of delayed key economic data following the 43-day US government shutdown is bearish for crypto markets. Historical shutdowns, such as in October 2013, led to spikes in volatility and cautious trading as investors lost sight of timely indicators like CPI and employment figures. The postponement of October CPI and jobs data will heighten policy uncertainty, complicate Fed rate expectations, and may dampen trading volumes. In the short term, traders may reduce risk exposure amid unclear macro signals. Over the long term, once data schedules normalize, market direction will likely hinge on actual CPI and employment outcomes.