America refrains from publishing the inflation report for October… and explains the reason

Inflation in America

The Reserve balances risks related to inflation and the labor market in its decisions regarding the timing and size of interest rate adjustments.

But these postponements mean that policymakers will not receive the latest government data on inflation and the labor market before their meeting scheduled for December 9 and 10.

The 43-day government shutdown has led to From October to mid-November delayed the release of other economic indicators, including those related to retail sales and trade.

Although the shutdown has ended, the Bureau of Labor Statistics said Friday that it was unable to collect consumer inflation data for October retroactively.

As a result, the government will not publish last month’s Consumer Price Index report, which was originally scheduled for November 13.

US Labor Market

Earlier this week, the Bureau of Labor Statistics said Also, it will not release the employment report for October, because the closure prevented the collection of some data that includes the unemployment rate.

The data available on the labor market is instead scheduled to be released in October with the November numbers, after the Federal Reserve meeting, and the rapid decline in the labor market may prompt the Federal Reserve to cut interest rates to give a boost to the largest economy in the world.

But the tariffs imposed by President Donald Trump this year have also made it difficult to control inflation quickly, which prompted some Federal Reserve officials to consider keeping interest rates steady for a longer period.