The US government shutdown has delayed key economic reports, including the October consumer price index, potentially impacting the Federal Reserve’s decision-making process. Private-sector reports are filling the void, but official data is crucial for policymakers. The Fed is divided over the need for further rate cuts, especially with inflation figures uncertain.

In Asia, China is expected to see a moderate decline in factory-gate prices and consumer prices. India’s inflation may slow, prompting potential rate cuts. Australia will release sentiment indexes, while New Zealand’s manufacturing PMI will be monitored. Central banks in Asia are not expected to make any decisions, but updates from the Bank of Japan are anticipated.

In Europe, the Bank of England’s decision to keep rates steady hints at a potential cut in December. Eurozone data and remarks from ECB officials will be key. In the Nordics, central banks are holding rates steady. Africa will see important budget announcements in South Africa and Ghana. Monetary decisions in Uganda, Zambia, Romania, and Serbia are on the agenda.

Latin America faces inflation challenges, with Brazil’s central bank maintaining rates and Colombia and Argentina dealing with high inflation. Peru is expected to hold rates steady, while Chile is in a data-dependent mode for its easing cycle. Central banks are closely watching economic indicators for future policy decisions.

Read more at Yahoo Finance: Data Fog Intensifying for Fed as Shutdown Delays US Inflation Numbers