After an economic data blackout for weeks, we got an inflation update this morning showing a lower-than-expected increase in the consumer price index.
According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in September compared to August, and the annual inflation rate rose to 3%.
That is above the Federal Reserve's target rate of 2% as policymakers there meet next week to decide their next interest rate move
With the Fed, CEOs, investors, and pretty much everyone flying blind in regard to economic data, thanks to the nearly month-long government shutdown, how important was today’s inflation update?
Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins Fox Business’ Gerri Willis to discuss how investors are navigating the current data desert, the President's latest spat with Canada over trade talks, and some of the headlines coming out of the White House.
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