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8th Oct 2025 09:35USDaily Monitor
  • September’s payroll report likely will be released about three working days after the shutdown ends.
  • October payrolls will be unaffected by the shutdown, but the unemployment rate will be lifted by 0.2pp.
  • The rotation of the regional Fed voters implies a slight hawkish shift in the FOMC early next year. 

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Keywords for: 10 October 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence