Next week, the data will be highlighted by UK (Tuesday at 2 PM ET) and Australian jobs reports (Wednesday at 7:30 PM ET/Thursday in Australia. UK GDP will be released on Thursday (at 2 AM ET).
If it were a normal week, US CPI would’ve been released along with, retail sales, unemployment claims and PPI data. However the US government is still on shutdown, and even if it were to reopen, there would likely be a delay in the data dump.
What time 1 could we expect if there is resolution to the shutdown?
The different government data sources including the Bureau of Labor Statistics (BLS), Census Bureau, and Bureau of Economic Analysis (BEA) will resume normal data operations, but usually with a lag as they catch up on missed releases (e.g., CPI, PPI, retail sales, durable goods, GDP, personal income/spending, etc.). The agencies typically will also issue a revised release calendar within a few days, showing new publication dates for all missed and upcoming reports.
After the 2018–2019 U.S. shutdown, the BLS delayed the December jobs report by one week and the Census Bureau postponed several key releases for two to three weeks.The BEA had to compress multiple GDP and PCE releases into a single week once operations resumed — a similar pattern would happen this time.
The US jobs report would’ve been released today if the government was open.
Of course we can expect a number of central bankers giving speeches and interviews. Fed’s Miran remains the biggest dove in the USD. Fed’s Hammack made a run at the most hawkish. Most Fed officials are unsure about December.
