October Inflation and Jobs Data May Never Be Released Amid Government Shutdown
The WHITE House warns that October's critical inflation and labor market data may never see publication due to the ongoing government shutdown. This unprecedented disruption would mark the first time the Bureau of Labor Statistics fails to deliver its monthly CPI report, leaving the Federal Reserve without key metrics ahead of its December policy meeting.
"The Democrats may have permanently damaged the federal statistical system," said Press Secretary Karoline Leavitt, emphasizing the Fed now faces heightened uncertainty during a delicate economic transition. The labor market shows early stress signals, with October job cuts hitting a 20-year high and private payrolls declining steadily through late October.