Group 1 - The U.S. government shutdown has delayed the release of key economic reports, including the Consumer Price Index (CPI) and employment data, which are crucial for economic assessment [1] - The Labor Department's Bureau of Labor Statistics, responsible for these reports, is significantly impacted by the shutdown, leading to potential longer delays in data collection and processing for October [1] - Federal Reserve Chairman Jerome Powell indicated that the Fed is currently relying on private sector data to evaluate the economy, but emphasized that this cannot replace government statistics, particularly for October data [1] Group 2 - High inflation typically necessitates the Federal Reserve to maintain high interest rates, while a slowing job market would push for rate cuts [2] - In August, U.S. non-farm payrolls increased by only 22,000, a significant drop from the revised 79,000 in July and well below market expectations [2] - The Consumer Price Index rose by 2.9% year-over-year in August, marking the largest increase since January and remaining above the Fed's long-term target of 2% [2] - The Federal Open Market Committee is scheduled to meet on October 28-29, with market expectations leaning towards another 25 basis point rate cut due to the ongoing weakness in the job market [2]

Group 1 - The U.S. Labor Department's release of the September Consumer Price Index (CPI) report has been delayed due to the federal government shutdown, impacting multiple important statistical data releases [1] - The Labor Statistics Bureau, as the official statistical agency, is affected by the shutdown, which may lead to longer delays in the release of October data collection and processing [1] - Federal Reserve Chairman Jerome Powell indicated that the Fed is currently relying on private sector economic data to assess the U.S. economy, but these cannot replace government statistics, especially for October data [1] Group 2 - The Labor Department's data for August shows that non-farm payrolls increased by only 22,000, a significant drop from the revised 79,000 in July and far below market expectations [2] - The Consumer Price Index for August rose by 2.9% year-over-year, marking the largest increase since January and remaining above the Fed's long-term target of 2% [2] - The Federal Open Market Committee is scheduled to meet on October 28-29, with market expectations leaning towards another 25 basis point rate cut due to the ongoing weakness in the U.S. labor market [2]