While the government shutdown remains ongoing, inflation data for both the CPI and PPI has been released, indicating that inflation came in below expectations.

The government has been facing a shutdown for the past 19 days with continued obstinacy from both parties, largely over healthcare subsidies.

As a result, there will be few major reports this week, the most notable being the Federal Reserve’s Beige Book, which indicates that the U.S. economy is once again showing signs of slowing.

Due to the government shutdown, nearly all reports will be delayed aside from a few third party reports. The Consumer Sentiment report has been released on time and shows that consumers are still frustrated with the economy and increasingly high inflation. It is unknown when the government shutdown will end and when we will be seeing reports released again in a timely fashion. Interest rates will still be continued to be adjusted amidst the government shutdown.

The release of key Unemployment Data was delayed last week due to administrative changes in how jobless figures are tracked. The Consumer Confidence report reflects these policy adjustments, showing growing concerns about the job market and a larger-than-expected decline in confidence for September.

Lastly, with tariff disruptions continuing to affect the manufacturing sector, the Global US Manufacturing data has revealed that production has slowed overall since the initial disruptions.