What end of U.S. government shutdown means for data and Fed

2025-11-27

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The U.S. government shutdown ended after 43 days—the longest in history—and, economists now have more clarity about the release of government data.But, clarity on timing doesn't mean clarity on the state of the U.S. economy. Without key October data, the U.S. Federal Reserve faces significant fog heading into the critical December interest rate decision.In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone discuss:When (and if) key indicators like the October jobs and inf...

The U.S. government shutdown ended after 43 days—the longest in history—and, economists now have more clarity about the release of government data.

But, clarity on timing doesn't mean clarity on the state of the U.S. economy. Without key October data, the U.S. Federal Reserve faces significant fog heading into the critical December interest rate decision.

In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone discuss:

When (and if) key indicators like the October jobs and inflation data will be released, and what gaps we're facing.
What September data revealed about the economy heading into the shutdown
How the shutdown will weigh on GDP growth in Q4 2025.
Why the Fed's December meeting is consequential, and whether a pause may be the most prudent move.

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