The government shutdown probably kills the 'Octaper'

Traders work on the floor of the New York Stock Exchange (NYSE) as Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks on television in New York
Jin Lee | Bloomberg | Getty Images

The government shutdown probably puts an end to the idea that the Fed will taper in October.

The Bureau of Labor Statistics stopped collecting new data and publishing reports when the government shut down at midnight Monday. This means that it's likely some important pieces of economic data will likely be delayed—including data that the Fed uses to determine monetary policy.

Here's the message on the BLS's website:

This website is currently not being updated due to the suspension of Federal government services. The last update to the site was Monday, September 30. During the shutdown period BLS will not collect data, issue reports, or respond to public inquiries. Updates to the site will start again when the Federal government resumes operations. Revised schedules will be issued as they become available.