Economic Fallout Looms as U.S. Government Shutdown Threatens Inflation Data Release
The White House announced a likely halt to inflation data releases due to the ongoing U.S. government shutdown. With surveyors unable to gather essential data, economic repercussions could be severe. The shutdown, lasting 24 days, has impacted thousands of federal workers, affecting household spending and future financial calculations.
The White House has indicated that the ongoing U.S. government shutdown threatens the release of crucial inflation data next month. Due to Congress's failure to pass a stopgap funding bill, surveyors are unable to collect critical data, posing potential economic risks.
The standoff between Republicans and Democrats has now entered its 24th day. Approximately 700,000 federal workers have been furloughed, with nearly as many working without pay, leading to a significant impact on household spending as affected workers miss full paychecks.
Notably, the Consumer Price Index report for September was released amid this economic data blackout, essential for calculating the Social Security Administration's 2026 cost-of-living adjustment. This release was initially scheduled for October 15, highlighting the ongoing challenges the shutdown presents.
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