BREAKING UPDATE: The White House has announced that next month's inflation report will probably not be released due to data collection issues caused by the ongoing US government shutdown. This development could spark heightened volatility and market uncertainty in the near term, leaving Wall Street and the Federal Reserve without crucial information about consumer prices ¹ ² ³.
The shutdown, now in its 24th day, has halted the publication of most economic data, including inflation reports. The Bureau of Labor Statistics has already reduced data collection due to staffing shortages, making it challenging to gather accurate information ⁴ ⁵.
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