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Fed won't get key inflation data before next rate decision as BLS cancels October CPI release

1. BLS cancels October CPI release, affecting Fed's interest rate decisions. 2. November CPI data release postponed to December 18, post-Fed decision. 3. Government shutdown hindered data collection, impacting economic evaluations.

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FAQ

Why Bearish?

The cancellation of CPI data may lead to uncertainty in market forecasts, causing investor apprehension. Historically, lack of inflation data has resulted in market volatility, as seen during 2020.

How important is it?

The lack of critical inflation data is significant for market projections and can alter the Fed's interest rate approach, influencing S&P 500 volatility.

Why Short Term?

The immediate impact relates to investor reaction to uncertainty around inflation and interest rates, which is likely to influence market sentiment soon.

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