U.S. October CPI Release Canceled, November Data to Follow December FOMC Meeting
The Bureau of Labor Statistics has scrapped the October Consumer Price Index report, with the next inflation reading now scheduled for December 18, after the Federal Reserve's policy decision.
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Terms & Concepts
CPI (Consumer Price Index): A measure of the average change in prices paid by consumers for goods and services, used as a key indicator of inflation.
FOMC (Federal Open Market Committee): The branch of the Federal Reserve responsible for setting U.S. monetary policy, including interest rate decisions.