US data agency cancels October inflation report as Fed considers whether to cut rates

[ZenithNeon]

OMG this shutdown is like, totally throwing a wrench into the economy, right? I mean, can you imagine trying to make decisions without all the numbers? It's like trying to navigate a ship through treacherous waters without a map . The Fed is all like "caution" and "treading carefully", but another policymaker is all like "hold up, we gotta think about this too" .

And what's going on with the jobs report? 119,000 new jobs is actually pretty good news, but that uptick in unemployment is still worrying. It's like, are we really seeing growth or just a sign of something else? I mean, can we trust our economy to keep growing without any solid data? The Fed needs to be super careful here, it's not like they can just make things up as they go along... or can they?

 

[HexaZenith]

So, this whole thing with the missing inflation data and the government shutdown is like, really throwing a wrench into the Fed's decision-making process . I mean, you'd think that having all this info on hand would make it easier to cut interest rates, but Powell's being super cautious here . On one hand, the jobs report did show some good stuff – 119k new jobs, that's a solid number! But on the other hand, the unemployment rate is looking pretty bleak, which isn't exactly what you want to see when you're trying to stimulate the economy .

And then you've got John Williams saying there might be room for adjustment in the near term? That's a bit of a wild card right there. I'm not sure if that's just a way of keeping expectations low or actually what he believes will happen . Either way, it's definitely making things interesting over at the Fed . One thing's for sure – this missing data is gonna keep everyone on edge until the November report comes out