inflation, White House and government shutdown
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Federal workers miss 1st full paycheck amid shutdown
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The government shutdown is now on Day 25 with no resolution in sight, as both sides remain entrenched in their positions over th
WASHINGTON (AP) — The government shutdown likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices.
Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly
Inflation rose to 3% in September, with coffee prices jumping 19%. The Federal Reserve is expected to cut rates next week as Social Security announces a 2.8% benefit increase.
The government shutdown entered day 24 Friday as fears mounted that the impacts of the funding lapse may soon start to bite. The Senate failed to pass a bill to keep paying some federal employees who work through the shutdown,
Better reports a government shutdown may lower mortgage rates but introduces processing delays, especially for FHA and VA loans.
2don MSN
A tiny light in an economic data blackout is about to shine through the shutdown for a brief moment
Nearly two dozen days have passed since a federal agency has published an economic report. The US government’s shutdown has resulted in a blackout of critical data, further clouding an already opaque economic outlook.