Shutdown fallout: US scraps October inflation and jobs figures after data-gathering halt; gaps cloud Fed’s December decision

Shutdown fallout: US scraps October inflation and jobs figures after data-gathering halt; gaps cloud Fed’s December decision

File photo (Picture credit: AP) The US government will not release official inflation or jobs figures for October after the record-long shutdown prevented statisticians from gathering essential data, leaving the Federal Reserve without two major indicators ahead of its December policy meeting.The Bureau of Labor Statistics (BLS) confirmed on Friday that the October consumer price…

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Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet

Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet

The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…

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