
"Some federal agencies have stopped collecting, analyzing and reporting national data. That makes it harder for markets and policymakers to know what's happening in the economy and make adjustments accordingly. For example, the Bureau of Labor Statistics has not put out a jobs report in October. Employees are being called back to produce an inflation report for this month. Members of the Federal Reserve's board use these reports to make decisions about the interest rates it sets, which effects other rates throughout the market."
"Heavy layoffs at the Department of Housing and Urban Development are operating during the shutdown with about a quarter of its staff, according to some estimates. The agency had already seen about 23 percent of its workforce let go before late September, according to an estimate by the National Low-Income Housing Coalition. The agency is responsible for housing vouchers like Section 8, as well as support for local public housing departments."
"HUD can fulfill obligations it already committed to using the funds at its disposal. When those run out, HUD won't be able to pay its obligations. That means landlords who are paid using federal housing vouchers won't see that money coming in. In an op-ed in conservative outlet The Daily Caller, HUD Secretary Scott Turner said the shutdown will delay insurance applications for healthcare projects totaling 12,800 beds and nearly $2 billion in mortgages."
Federal agencies have stopped collecting and reporting national data, creating blindspots that hinder markets and policymaker responses. The Bureau of Labor Statistics did not publish an October jobs report and employees were recalled to produce an inflation report. Federal Reserve board members use those reports to set interest rates that affect broader market rates. The Department of Housing and Urban Development is operating with roughly a quarter of its staff after prior cuts, affecting Section 8 vouchers and local public housing support. HUD can meet already-committed obligations until funds run out, after which voucher payments to landlords may stop. Estimates warn delays for insurance applications tied to healthcare projects and nearly $2 billion in mortgages. Mortgage rates fell in September, but market stability may deteriorate as shutdown effects accumulate.
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