financetom
Economy
financetom
/
Economy
/
White House says inflation data unlikely to be released next month
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
White House says inflation data unlikely to be released next month
Oct 24, 2025 6:48 AM

WASHINGTON (Reuters) -The White House said on Friday there likely will not be a release of inflation data next month due to the U.S. government shutdown.

Because of Congress' failure to pass a stopgap funding bill, "Surveyors cannot deploy to the field - depriving us of critical data," the White House said on its official Twitter account. "The economic consequences could be devastating."

The White House did not elaborate.

The standoff between Republicans and Democrats over stopgap funding legislation was in its 24th day on Friday.

About 700,000 federal workers have been furloughed while nearly as many are working without pay, which could force households to defer spending. Many are set to miss their first full paycheck on Friday.

The government's Consumer Price Index report for September was published on Friday despite an economic data blackout because of the shutdown in order to help the Social Security Administration calculate its 2026 cost-of-living adjustment for millions of retirees and other benefits recipients. It was initially due on October 15.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims increase more than expected
US weekly jobless claims increase more than expected
Jul 18, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labor market and the data is typically noisy in July because of summer breaks and temporary factory closures. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 243,000 for...
Unemployment Claims Rise More Than Expected, Boosting Hopes For Rate Cuts As Cracks In Labor Market Emerge
Unemployment Claims Rise More Than Expected, Boosting Hopes For Rate Cuts As Cracks In Labor Market Emerge
Jul 18, 2024
Signs of a cooling U.S. labor market are becoming more evident, increasingly reinforcing investor beliefs that the time has come for the Federal Reserve to lower interest rates. New unemployment benefits rose more than expected last week, while continuing jobless claims reached their highest levels since November 2021, according to the Department of Labor’s report on Tuesday. Simultaneously reported, the...
IMF says U.S. should raise taxes, wait until late 2024 to cut rates
IMF says U.S. should raise taxes, wait until late 2024 to cut rates
Jul 18, 2024
WASHINGTON (Reuters) - The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until late 2024 and the government needs to raise taxes to slow the growing federal debt -- including on households earning less than President Joe Biden's $400,000-a-year threshold. The prescriptions came in the detailed staff report from the IMF's annual Article...
Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims
Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims
Jul 18, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that did not signal a material shift in the labor market amid temporary automobile plant closures and disruptions from Hurricane Beryl. The weekly jobless claims report from the Labor Department on Thursday, however, suggested that it was getting harder for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved