inflation, White House and government shutdown
Digest more
The federal government recalled some furloughed workers specifically to produce the inflation report, which plays a key role for Social Security beneficiaries.
The government shutdown is now on Day 25 with no resolution in sight, as both sides remain entrenched in their positions over th
Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when millions of low-income Americans are set to lose access to critical food assistance.
Cooler inflation gave markets some relief, but with tariffs building and the data stream frozen by the shutdown, the Fed is flying blind into year-end.
The Social Security Administration will continue distributing disability and SSI payments, but some services are unavailable during the government shutdown.
Better reports a government shutdown may lower mortgage rates but introduces processing delays, especially for FHA and VA loans.
Our correspondents and reporters explain the latest on the shutdown, as federal workers miss paycheques and some government services are suspended.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.