The shutdown, economic data
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The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy.
Jobs and inflation data will be released late and with caveats, complicating the Federal Reserve’s interest rate deliberations.
Trump Eliminates Tariffs on Beef, Coffee, and More; New Epstein Investigation; Economic Data Delayed
In an executive order released Friday, President Donald Trump eliminated reciprocal tariffs on dozens of agricultural imports, including beef, coffee, orange juice, pineapples, and nuts. "I have determined that certain agricultural products shall not be subject to the reciprocal tariff imposed under Executive 14257, as amended," the order reads.
London's FTSE 100 closed lower on Thursday after a three-day run of record highs, weighed down by financial shares as investors assessed disappointing third-quarter economic growth data.
Markets hit record highs again early in the week, as lawmakers closed in on a deal to end the historic 43-day government shutdown. However, once the longest shutdown in American history ended, markets actually turned south.
The Trump administration has raised doubts that agencies can rise to the challenge of generating the October measures of employment and the consumer price index.
If you're looking for the real-world economic impact of cyberattacks, look no further than what happened to Jaguar Land Rover in the U.K. The U.K. economy grew just 0.1% in Jul