历史首次！白宫警告10月通胀数据或缺席，美联储决策难度加大

Core Insights - The ongoing U.S. government shutdown has led to a potential halt in the release of the Consumer Price Index (CPI) data for October, marking a historic absence of inflation data since the index's inception [1] - The shutdown has entered its fourth week, with Senate Democrats blocking temporary spending bills, resulting in a significant number of federal employees, including those at the Bureau of Labor Statistics (BLS), being furloughed [1] - The White House has indicated that the inability to collect price data could create confusion for businesses, markets, households, and the Federal Reserve [1] Data Collection Disruption - The BLS typically collects and verifies prices for thousands of goods and services each month, but the funding freeze has prevented most surveyors from conducting fieldwork, leading to a breakdown in the statistical system [2] - Analysts suggest that if price collection is halted for the entire month, it will result in a lack of calculable baseline samples, making it nearly impossible to recover the data even if the government resumes operations in early November [2] - Unlike inflation data, employment data may still be released as companies can rely on their own hiring and firing records, but inflation data relies on field sampling, which cannot be backtracked once interrupted [2] Increased Difficulty for the Federal Reserve - The Federal Reserve is approaching its second-to-last meeting of the year, with September CPI data showing a moderate inflation rate of 3.0% year-over-year and 0.3% month-over-month [3] - The absence of the October report would deprive the Federal Reserve of critical inflation references for its December meeting, complicating the decision-making process [4] - Analysts warn that the lack of key inflation and employment data could lead to higher uncertainty for both markets and policymakers, potentially impacting market confidence and increasing volatility [4]