News

U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

The Bureau of Labor Statistics (BLS) has announced that it will release the September CPI U.S. inflation data on October amid the shutdown.
Published by
U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

Highlights

  • The Bureau of Labor Statistics has announced that it will release the CPI data on October 24.
  • The data was originally meant to be released on October 15.
  • The data release will happen just five days before the October Fed rate cut decision.

The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price Index (CPI) U.S. inflation data. The proposed BLS CPI release comes amid the ongoing U.S. government shutdown, while the crypto market will be watching this inflation data, as it could influence the FOMC decision.

Advertisement

BLS To Release U.S. Inflation Data On October 24

The Bureau of Labor Statistics announced that it will publish the September CPI on October 24, rather than October 15, which was the original publication date for this data. The agency indicated that this is the only report that they will release while the U.S. government shutdown is ongoing.

This comes amid delays in other key macroeconomic data, such as U.S. jobs data, due to the ongoing U.S. government shutdown. Meanwhile, with the October 24 release, the U.S. inflation data will drop just five days before the October 29 FOMC meeting.

The U.S. inflation data could influence the rate-cut decision at the meeting, especially given that some Fed officials remain concerned about rising inflation. Fed Governor Michael Barr recently stated that they have to be cautious about adjusting monetary policy, warning that the Trump tariffs could create persistent inflation.

However, the FOMC minutes showed that most Fed officials are currently leaning towards more rate cuts by year-end. The officials indicated that the focus is now more on the weakening labor market rather than the inflation risks.

CME FedWatch data shows that there is currently a 96.7% chance that the Fed will make a 25 basis points (bps) cut at the October FOMC meeting. With a rate cut almost certain, a lower-than-expected U.S. inflation data could raise the possibility of a higher cut.

However, Fed Governor Chris Waller cautioned against increasing the pace or magnitude of the cuts. He believes that they are on the right track with regard to easing monetary policy, while he also indicated that he will support a 25 bps cut at both the October and December FOMC meetings.

Advertisement
Share
Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?

Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…

October 31, 2025
  • News

Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of…

October 31, 2025
  • News

XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP…

October 31, 2025
  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025