00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The longest U.S. government shutdown is set to end,
00:04but it has already erased key October inflation and jobs data, according to Benzinga.
00:09Setback is leaving the Federal Reserve without two of its most important indicators
00:12ahead of its December meeting.
00:14Analyst Peter Williams of 22V Research said September and third quarter data
00:18should arrive by Thanksgiving, including retail sales, personal income, and GDP,
00:24which is still expected to grow 3-4% annualized.
00:26The fourth quarter GDP faces a hit of 3 quarters to 1% for missed wages,
00:31frozen benefits, and delayed spending.
00:34Covered data should begin arriving next week and be completed by early December,
00:37while October data will be partial, with no CPI or PCA releases expected.
00:42Covered data may arrive too slowly for the FOMC meeting,
00:45and the jobs report can be delayed or released without its household survey.
00:49For all things money, visit Benzinga.com.
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