NewsletterBreaking: Labor Department Cancels October PPI Inflation Report Ahead of FOMC Meeting
Highlights
- This week sees Fed lack October PPI and creates uncertainty on inflation expectations.
- The delay by the BLS forces analysts to wait until the joint October-November PPI becomes available.
- A lack of October information weakens market confidence and undermines other important policy decisions in the future.
U.S. Labor Department has scrapped the October Producer Price Index (PPI) inflation report after not gathering the needed information during the government funding lapse. Hence, markets are experiencing a void in essential information about inflation which normally provides basis on the rate decisions expectations.
Will Missing PPI Inflation Report Affect the Decision of FOMC?
Bureau of Labor Statistics confirmed that it was not able to take the unemployment data of October during the shutdown time. The agency also announced that the PPI inflation report would now be combined with the next update in November, which would be issued in January 14, 2026.
The sudden cancellation is a surprise given that it is happening in the week of the Federal Reserves’ major policy meeting for December.
The PPI inflation data is closely monitored by the central bank because an increase in wholesale costs would have an impact on future consumer prices.
New estimates indicate that the Fed will likely pass a rate cut this week. This renders the lack of October PPI inflation report as not too important in terms of policy expectations.
The lack of October figures leaves policymakers to depend on older figures and other pointers. That brings added uncertainty to the economic picture.
Fresh projections show the Fed expected to approve a rate cut this week. This makes the absence of October PPI less critical for policy expectations.
The absence of October data means policymakers must rely on older numbers and other indicators. That creates more uncertainty around the economic picture.
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