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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Inflation fears without inflation'

13 Nov 2025

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US October consumer price inflation should have been published today. It is unlikely the number will ever be calculated, because there was no one to collect the price data. This highlights a problem —even if the US government is functioning, there are fewer employees collecting prices, which means more of the inflation number is ”interpolated” (or “guessed”).

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