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Trump administration to release September inflation report despite shutdown
- On Friday, the Bureau of Labor Statistics recalled staff to finish the September Consumer Price Index, with workers set to `promptly resume work`, White House officials said.
- After the Senate failed to pass funding bills, a shutdown paused many Bureau of Labor Statistics operations and delayed multiple releases, including last week’s monthly jobs report.
- Originally scheduled for Oct. 15, the September Consumer Price Index is nine days late and will be published before the Federal Reserve meeting on Oct. 28 and 29.
- Publishing the CPI allows the Social Security Administration to meet its Nov. 1 deadline, affecting more than 72.5 million Social Security beneficiaries with a projected 2.7% COLA increase.
- Next month, data collection suspensions mean further BLS delays are likely, with private payroll processors ADP and Revelio Labs emerging as alternatives amid leadership changes.
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Due to the shutdown, the US inflation figures for September are late. Robert Greil, chief strategist of Merck Fink, expects inflation to rise – also in the coming months. What impact bankers still expect.
·Berlin, Germany
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ABC FOX Montana+2 Reposted by 2 other sources
Bureau of Labor and Statistics to release inflation data despite shutdown
WASHINGTON — The Bureau of Labor Statistics will release key inflation data later this month, even as the federal government remains shut down.
·Missoula, United States
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·New York, United States
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Coverage Details
Total News Sources30
Leaning Left3Leaning Right4Center17Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
12%
C 71%
R 17%
Factuality
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