By Laura Matthews NEW YORK (Reuters) - Delays of vital economic data releases could trigger financial market volatility if a U.S government shutdown ...
By Laura Matthews NEW YORK - Delays of vital economic data releases could trigger financial market volatility if a U.S government shutdown goes ahead this weekend and drags on for weeks,NS child killer Penny Boudreau and the path to eventual release | SaltWireNEW YORK - Delays of vital economic data releases could trigger financial market volatility if a U.
"If the government data releases are suspended, this will increase volatility and decrease visibility, in a time when forecasting is already difficult," said Clifton Hill, global macro portfolio manager, at Acadian Asset Management. Key government data releases due over the next two weeks include jobless claims, unemployment and inflation, which influence monetary policy.
ING's chief international economist James Knightley said a shutdown would be economically disruptive and would restrict the flow of data the central bank would need to justify further interest rates hikes, strengthening the case for the Fed to hold interest rates steady in November. Other impacts are on companies looking to go public. NYSE Group President Lynn Martin said a government closure would impede federal regulators from processing filings for initial public offerings and other transactions, potentially impacting investor's confidence and market performance.Chris Murphy, co-head of derivatives strategy at Susquehanna International Group, said the stock market has fully priced in a government shutdown, but the question remains how long it could last.
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