CPI report shows inflation continued to climb
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The BLS halted all collection processing, and publication of economic indicators when the shutdown started. The Fed’s job just got harder.
BLS releases US CPI data for September, making it a key report for Fed's interest rate decision as shutdown halts other data.
Friday's consumer-price index report likely leaves the Federal Reserve on course to cut interest rates next week and to maintain a soft bias favoring another cut at the meeting after that. Fed leaders
Wall Street on Friday soared after market participants received a soft consumer inflation report. Read more here.
The pace of inflation likely picked up last month, but not enough to prevent the Federal Reserve from cutting interest rates next week. The Bureau of Labor Statistics is scheduled to publish the consumer price index for September on Friday at 8:30 a.
U.S. stocks were rallying midday, with the S&P 500 in record territory as investors appeared optimistic that Friday’s report on inflation would keep the Federal Reserve on track to cut interest rates twice more this year.