U.S. Bureau of Labor Statistics "skips October CPI release... next release is December 18"
Summary
- The U.S. Bureau of Labor Statistics said it will skip the October Consumer Price Index (CPI) release.
- This release gap makes a gap in the market's short-term inflation assessment inevitable.
- Financial markets say this introduces a variable into interpretations of the Fed's rate-cut prospects.
The U.S. Bureau of Labor Statistics (BLS) said it will not release the October Consumer Price Index (CPI) report. As some economic data release schedules have been adjusted due to the fallout from the government shutdown, a gap in the market's short-term inflation assessment has become inevitable.
On the 21st (local time), according to economic news channel Walter Bloomberg, the BLS said the October CPI was not statistically calculated and therefore will not be released, and the next CPI will be the November figure released on December 18. BLS did not disclose the specific reasons for not releasing it.
Monthly CPI is used as a key indicator for the Federal Reserve (Fed)'s interest rate decisions, so market attention is focused on how this release gap might affect the December FOMC's assessment.
In financial markets, there are concerns that "a means to check real-time inflation trends has temporarily disappeared," and assessments say this introduces a variable into interpretations of the Fed's rate-cut prospects.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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