Could Crypto and Stocks Face a Major Correction if This Unlikely Scenario Unfolds?
The Federal Reserve’s October rate decision could trigger unexpected shocks in U.S. stocks and Bitcoin as unresolved federal government shutdown risks cloud the outlook.
Government shutdown delays key data ahead of FOMC meeting
A partial federal government shutdown began on Oct. 1, shuttering many non-essential services including the Bureau of Labor Statistics (BLS). This shutdown has indefinitely delayed the September jobs report — a crucial gauge of labor market health expected early this month.
This data freeze comes just weeks before the Federal Open Market Committee’s (FOMC) Oct. 28–29 meeting, where the Fed’s next interest rate decision will be announced.
Despite this disruption, market optimism remains elevated.
