Categories: BUSINESS

Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet

US inflation data for October is now unavailable due to a federal shutdown, creating significant uncertainty for the Federal Reserve’s upcoming policy meeting. This data gap, alongside a postponed jobs report, leaves policymakers without crucial insights into inflation and labor market trends as they weigh rate decisions amidst tariff pressures and economic slowdown fears.
Sumitra

Recent Posts

Dialling back time: Why US kids are ditching smartphones for a $100 landline

A new landline-style device called the Tin Can is gaining popularity as families and schools…

21 hours ago

India’s wheat outlook: Production stable despite challenges, says government

India's agriculture ministry anticipates stable wheat production for the 2025-26 crop year, despite localized weather…

21 hours ago

Drill, sanction, control: Inside the oil economics driving Trump 2.0

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding…

2 days ago

RBL Bank net profit up 234% at Rs 230 crore

RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the…

2 days ago

Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits

Intel's share price surged dramatically after exceeding first-quarter expectations, driven by strong demand in its…

3 days ago