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Shutdown delays October inflation report – what does the Fed's data say?

1. Longest government shutdown delays key economic reports like October CPI. 2. Cleveland Fed's nowcast shows CPI increased 0.18%, core CPI up 0.25%. 3. Inflation remains above Fed's 2% target, creating economic uncertainties. 4. White House claims shutdown impaired federal statistical system. 5. Legislation to fund government until January 30 aims to restore data flow.

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FAQ

Why Bearish?

Delays in essential economic reports increase uncertainty, which historically leads to market pullbacks.

How important is it?

Delayed economic data can lead to investor caution, impacting stock prices considerably.

Why Short Term?

Immediate market reactions could affect investor sentiment until clearer data emerges.

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