HomeScienceLack of data during the shutdown, globally – FlowingData

Lack of data during the shutdown, globally – FlowingData

While the government shutdown pauses data about the United States, other countries feel the effects. For Reuters, Leika Kihara and Howard Schneider report:

“The month-to-month data flow in the U.S. gets talked about but never is a decisive factor,” for other central banks, said Adam Posen, president of the Peterson Institute for International Economics and a former Bank of England policymaker.

But Posen said that the shutdown itself and the tumult around BLS “contributes to the general skepticism about the governance of the U.S. and the reliability of the U.S….And that is important. It eventually feeds into reserve management and currency decisions and feeds into volatility outlooks for the U.S. that were not there before.”

The good news is that if all else fails, we’ll be able to function on AI and vibes.

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