WASHINGTON, Nov 22 \u2014 The US government said yesterday that it will not publish a consumer inflation report covering the month of October, as a record-long shutdown hampered its data collection.<\/p>\n
This intensifies the fog surrounding the Federal Reserve ahead of its upcoming interest rate meeting, with a full report on the October jobs market also called off due to the stoppage.<\/p>\n
The central bank balances risks to inflation and the labor market as it decides on the time and size of rate adjustments.<\/p>\n
But these postponements mean that policymakers will not receive the latest government data on both fronts before their December 9-10 gathering.<\/p>\n
The 43-day government shutdown from October to mid-November has already delayed publications of various economic indicators including those on retail sales and trade.<\/p>\n
Although the halt is now over, the Bureau of Labour Statistics (BLS) said yesterday that it is \u201cis unable to retroactively collect\u201d October consumer inflation data.<\/p>\n
As a result, it will not publish its October consumer price index report, originally scheduled for release on November 13.<\/p>\n
Earlier this week, the BLS also said that it will not put out an October jobs report as the shutdown meant that some survey data\u2014involving the unemployment rate\u2014was not gathered.<\/p>\n
Available data on the October employment market will instead be released with November\u2019s numbers\u2014after the Fed\u2019s meeting.<\/p>\n
A rapidly weakening jobs market could nudge the Fed to slash rates further and give the world\u2019s biggest economy a boost.<\/p>\n
But President Donald Trump\u2019s tariffs this year have also made it harder to tame inflation quickly, prompting some Fed officials to consider holding rates steady for longer. \u2014 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON, Nov 22 \u2014 The US government said yesterday that it will not publish a consumer inflation report…\n","protected":false},"author":2,"featured_media":587215,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[35906,51,2614,1700,185108,185107,185109,16,15,155221],"class_list":{"0":"post-587214","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bureau-of-labor-statistics","9":"tag-business","10":"tag-donald-trump-tariffs","11":"tag-economy","12":"tag-federal-reserve-interest-rate-meeting","13":"tag-october-consumer-inflation-report","14":"tag-october-jobs-report","15":"tag-uk","16":"tag-united-kingdom","17":"tag-us-government-shutdown"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115594616218046419","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/587214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=587214"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/587214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/587215"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=587214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=587214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=587214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}