Fed slashes key interest rate
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The Bureau of Labor Statistics is slated to release September's Consumer Price Index report of inflation, which was delayed by the government shutdown.
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Analysis | Fed Struggles To Assess State Of US Economy As Government Shutdown Shuts Off Key Data
With government offices that publish key data shuttered, Federal Reserve Chair Jerome Powell and his Fed colleagues might be considering the price of gas or changes in the cost of coffee as they meet on Oct.
Friday will see the first federal update on inflation since the government shutdown began more than three weeks ago. NewsNation’s Alicia Nieves has the report, live for “Morning in America.” #Economy
According to the latest report from the Bureau of Labor Statistics, prices across the economy have increased about 3% over the three years.
The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.