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1h ago

U.S. Government Shuts Down, Data Blackout Rattles Markets as Gold Hits Record

A halt to federal statistics forces investors to rely on private gauges.

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A member of the public passes the US Department of Labor in Washington DC, on September 5.
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Overview

  • The Bureau of Labor Statistics said it will stop collecting and releasing data, delaying the September jobs report and potentially the next inflation print.
  • U.S. stock futures fell and the dollar slipped as safe‑haven trades strengthened, with gold near $3,900 and Bitcoin higher.
  • Agencies warned roughly 750,000 federal workers face furloughs with estimated costs of about $400 million per day.
  • An OMB memo reported by Politico urged agencies to prepare for possible permanent firings, drawing union lawsuits and political pushback.
  • With official reports on hold, traders are watching ADP, ISM and Fed commentary, and analysts highlight a likely slowdown at the SEC, FDA and EPA that could delay IPOs, drug approvals and permits.