Gary Richardson

While the September inflation report will land a handful of days ahead of their two-day meeting on October 28 and 29, it's possible that central bank officials won't have last month's jobs report on hand as they decide interest rates. It's not a normal situation, but it does not mean the Fed is flying blind — at least for now. "Missing one number probably is not crucial," said Gary Richardson, an expert in Fed history and professor at the University of California, Irvine. "It adds a little bit of uncertainty, but they probably have enough other information to have a pretty accurate picture of what's going on."

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