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Global Markets Brace for CPI Data, Fed Chair Speculation Amid Geopolitical Shifts
GoodRxGoodRx(US:GDRX) Stock Market Newsยท2025-10-09 22:08

Economic Data and Government Impact - The Bureau of Labor Statistics (BLS) is recalling staff to ensure the release of the September Consumer Price Index (CPI) report despite a government shutdown, highlighting the critical importance of inflation data for market and policy decisions [3][8] - The Labor Department's Office of the Inspector General has initiated an inquiry into the BLS's methods for collecting and publishing key economic data, including CPI and Producer Price Index (PPI) [3] Federal Reserve Leadership Update - Former Federal Reserve Governor Larry Lindsey has withdrawn his name from consideration for the position of US Federal Reserve Chair, narrowing the field for this crucial leadership role [4][8] Global Currency Fluctuations - The Japanese Yen has weakened to its lowest point against the US dollar since mid-February, while the Euro has also experienced a decline, influenced by political developments and monetary policy expectations [5][8] Corporate Earnings and Industry News - Levi Strauss & Co. (LEVI) anticipates a 70 basis point impact to its annual gross margin from tariffs, an increase from a previous estimate of 50 basis points, although 70% of its US holiday inventory is secured [9][8] - In the automotive sector, Toyota (TM) has updated its bZ4X electric vehicle (EV) to boast the longest range among domestic EVs in Japan, indicating the company's ongoing efforts in the competitive EV market [9] Healthcare Policy Developments - Discussions are ongoing between US pharmacies and drug discounters, including GoodRx Holdings Inc. (GDRX), regarding their potential role in the TrumpRx initiative, which aims to provide consumers with access to discounted prescription medications [10] New Zealand Manufacturing Data - The New Zealand BusinessNZ Manufacturing PMI for September remained unchanged at 49.9, indicating a continued contraction in the manufacturing sector, as a reading below 50.0 signifies a decline in manufacturing activity [11]