The Fed enters its biggest meeting of the year on Dec. 9–10 with no October jobs report, no November jobs report, and no November CPI in hand. $VIX up 40% in a month!

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The Bureau of Labor Statistics (BLS) announced Friday that it would not produce its highly anticipated monthly inflation report for October after being unable to collect key data during the government shutdown.

BLS said it will not release an update to the consumer price index (CPI) for October because it was unable to retroactively obtain information that would have been collected during the record-long lapse in funding.

Almost all the agency’s staff was furloughed during the shutdown, which lasted 43 days between Oct. 1 and Nov. 12, preventing BLS from collecting price data last month. The agency also canceled the October jobs report Wednesday because of its inability to collect data from households during the shutdown.

The cancellation of the data means the Federal Reserve will not have any new major federal employment or inflation data to consider before its final interest rate policy meeting of the year on Dec. 9-10.

https://www.aol.com/news/bureau-labor-statistics-cancels-october-184011328.html

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