inflation, White House and government shutdown
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Inflation accelerated
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Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when millions of low-income Americans are set to lose access to critical food assistance.
The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Markets again set new record highs, with investors shrugging off the government shutdown and the latest inflation data.
The government shutdown entered day 24 Friday as fears mounted that the impacts of the funding lapse may soon start to bite. The Senate failed to pass a bill to keep paying some federal employees who work through the shutdown,
The Social Security Administration will continue distributing disability and SSI payments, but some services are unavailable during the government shutdown.
Better reports a government shutdown may lower mortgage rates but introduces processing delays, especially for FHA and VA loans.
Our correspondents and reporters explain the latest on the shutdown, as federal workers miss paycheques and some government services are suspended.
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