Inflation Report Scheduled for Release Despite Government Shutdown
The U.S. Bureau of Labor Statistics (BLS) is set to release the September Consumer Price Index (CPI) report on October 24, despite the ongoing government shutdown. The Labor Department has recalled furloughed workers to compile critical inflation data, as the report is crucial for determining Social Security’s cost-of-living adjustment (COLA) and for guiding Federal Reserve decisions. Although the shutdown has delayed various data releases, the administration is prioritizing this inflation report, emphasizing its importance for economic stability.
CNBC, CNN, The New York Times, Politico, Axios, Reuters, Bloomberg.com, The Hill, MarketWatch, qz.com