Part 6/11:
In a strategic move, the government has expedited the release of the CPI report to October 24th—an emergency action driven by the need to calculate next year's Cost of Living Adjustment (COLA) for Social Security recipients. The Consensus from The Senior Citizens League estimates this COLA could increase by about 2.7%, which would be a welcome relief for millions depending on Social Security benefits.
The Federal Reserve, which relies heavily on inflation data to shape its interest rate decisions, will get a few days to analyze these numbers before their next policy meeting slated for October 29th. This emphasizes how intertwined economic stability is with governmental operational efficiency.