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White House Warns Inflation Report Unlikely as U.S. Shutdown Hits Day 24

Economists estimate the closure is trimming 0.1 to 0.2 percentage point from annualized growth each week.

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Overview

  • The administration said statistical agencies cannot deploy field researchers for upcoming surveys, even as the September CPI was released late to support the 2026 Social Security cost‑of‑living adjustment.
  • About 700,000 federal employees are furloughed and nearly the same number are working without pay, with many missing their first full paycheck on Friday.
  • The White House indicated retroactive pay is not guaranteed for federal employees, and the Trump administration has already fired some furloughed workers.
  • The nonpartisan CBO assessed that the economic hit will prove temporary but will worsen the longer the shutdown continues, a view echoed by private forecasters.
  • Oxford Economics estimates roughly $800 million in new federal contracts are at risk each business day in October, while several states warn SNAP benefits could be disrupted, including Pennsylvania citing an Oct. 16 cutoff.