Wolfe weighs in on ’likely’ U.S. government shutdown after January 30

Renowned economist Wolfe has expressed concerns over the potential U.S. government shutdown expected to occur shortly after January 30. In a recent note, Wolfe highlighted the possible repercussions of a funding lapse, particularly emphasizing its effect on the timely collection and release of crucial economic data. As the government gears up for budget negotiations, the looming threat of a shutdown is garnering significant attention from economists and policymakers alike. The delay in economic data, particularly payroll statistics, could have far-reaching implications for businesses and financial markets. Wolfe pointed out that these delays might lead to increased uncertainty, as businesses rely heavily on timely data to make informed decisions. The disruption could also affect investors, who use such data to gauge economic health and adjust their strategies accordingly. With the January 30 deadline approaching, discussions around the government budget are intensifying. Wolfe's analysis underscores the importance of reaching a timely resolution to prevent a shutdown and its potential economic fallout. As stakeholders continue to deliberate, the focus remains on ensuring that critical economic data remains unaffected, thereby safeguarding the stability of both domestic and international financial landscapes.

— Authored by Next24 Live