The White House says inflation is low and cool. Virtually every alternative calculation paints a less rosy picture.

Major stock indexes hit record highs Friday after the release of slightly cooler-than-expected September inflation data that reinforced expectations the Federal Reserve will cut interest rates next week.

The White House said on Friday there likely will not be a release of inflation data next month due to the U. Because of Congress' failure to pass a stopgap funding bill, "Surveyors cannot deploy to the field — depriving us of critical data,

The poll numbers are a potential warning sign for the Republican president and his party as a promised economic boom is giving way to hiring freezes and higher prices.