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US: Real-time indicators support a rate cut in October
This week’s scheduled release of the Consumer Price Index (CPI) for September was postponed due to the ongoing federal government shutdown, which has disrupted the operations of key agencies like the Bureau of Labor Statistics (BLS). However, to meet statutory deadlines in calculating the Social Security’s annual cost-of-living adjustment (COLA), the Department of Labor has recalled select staff to process the September CPI data. The report is now expected to be released on October 24. While this ensures the availability of inflation data for critical policy and benefit decisions, the broader shutdown continues ... (full story)