Oct.'s CPI, jobs data may never be released
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At 0.3%, retail inflation hits record low
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The U.S. Labor Department's statistical agency should prioritize the production of November employment and inflation reports when the government reopens to ensure Federal Reserve officials have up-to-date information at their December policy meeting,
The results for October (and November) will not increase inflation worries at the Fed. Headline CPI is estimated to stay steady at the 3 per cent September figure for both October and November. There are other modelled estimates of inflation which concur with the Cleveland Fed’s estimates.
A big unknown ahead of the September CPI is how much the government shutdown, which started Oct. 1, impacts the data. Ten days later, statisticians at the Bureau of Labor Statistics were called back to work to complete the report.
Two monthly jobs reports have fallen victim to the longest US government shutdown and a key inflation snapshot due in the coming week is also in jeopardy, illustrating a thickening data fog for a Federal Reserve that’s the most divided in recent memory.
BLS releases US CPI data for September, making it a key report for Fed's interest rate decision as shutdown halts other data.
Economic reports on the labor market and inflation that weren't published during the government shutdown may never be released, White House press secretary Karoline Leavitt said Wednesday. The Bureau