The Federal Reserve will meet this week to set interest rates as the second-longest government shutdown in US history erodes growth and makes it increasingly difficult to gauge the state of the economy.
Since the beginning of October, hundreds of thousands of federal employees have been furloughed and many services suspended after Democrats and Republicans failed to agree a budget for the fiscal year.
As the shutdown stretches into its fourth week, economists warn the hit to spending risks doing lasting damage to GDP, while a dearth of data releases obscures the picture of the country’s economic health.
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