The U.S. Bureau of Labor Statistics (BLS) is preparing to release the Consumer Price Index (CPI) data for September despite the federal government shutdown. The agency's activities were previously paused, including non-farm payroll reports, but the issuance of the CPI remains crucial for assessing inflation, adjusting Social Security benefits, and guiding economic forecasts.
Delaying reports can impact the financial markets, causing volatility and uncertainty. Commissioner William Beach emphasized that the BLS is committed to releasing economic data in a timely manner, although funding interruptions may slow some reports. Previous precedents show that earlier shutdowns also caused similar disruptions, highlighting the importance of timely CPI data for market stability. Meanwhile, Bitcoin prices have recently dipped slightly, reflecting market reactions to unclear economic signals.
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BLS accelerates the release of delayed CPI data
The U.S. Bureau of Labor Statistics (BLS) is preparing to release the Consumer Price Index (CPI) data for September despite the federal government shutdown. The agency's activities were previously paused, including non-farm payroll reports, but the issuance of the CPI remains crucial for assessing inflation, adjusting Social Security benefits, and guiding economic forecasts.
Delaying reports can impact the financial markets, causing volatility and uncertainty. Commissioner William Beach emphasized that the BLS is committed to releasing economic data in a timely manner, although funding interruptions may slow some reports. Previous precedents show that earlier shutdowns also caused similar disruptions, highlighting the importance of timely CPI data for market stability. Meanwhile, Bitcoin prices have recently dipped slightly, reflecting market reactions to unclear economic signals.