00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. government shutdown has halted official data releases, leaving global policymakers in Japan,
00:07the U.K., and data-blind to the world's largest economy, according to Reuters.
00:11Think and Japan, Governor Kazuo Iida said a data freeze complicates decisions on interest
00:16rates hikes, while a Japanese official called it a joke, noting that the Federal Reserve's
00:20data-dependent policy now lacks data. Think and England policymaker Catherine Mann said
00:25U.S. data and federal independence issues are secondary to trade policy for the BOE.
00:30They're warned that gradual policy shifts could weaken the dollar's global standing over time.
00:34The IMF echoed this concern, saying political interference in agencies like the Bureau of Labor Statistics
00:39could raise the likelihood of policy mistakes.
00:42And the Federal Reserve and private data firms continue to provide limited insights.
00:46Economists warn that prolonged disruption could cloud global economic forecasts
00:49and increase market volatility.
00:51For all things money, visit Benzinga.com.
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