Citi: Continued weakness in the labor market data will prompt the Fed to cut interest rates in December, January, and March.

Odaily News Citigroup economists pointed out that despite warnings from the White House, the CPI and employment data for October may still be released in the coming days. The government shutdown has disrupted data collection, but Citigroup stated that statistical agencies could ask retrospective questions in the household employment survey and use more estimation methods in the inflation indicators. However, the CPI data for October may be “less accurate than usual.” Citigroup economists expect labor market data to remain weak, which will prompt the Fed to cut interest rates in December, January, and March. (Jin10)