10-31
U.S. Government Shutdown Suspends CPI Data Collection for First Time in Over a Century
The U.S. government shutdown has halted Consumer Price Index data collection for the first time in more than 100 years, with Bureau of Labor Statistics staff furloughed. Markets now operate without official inflation measurements, while September's CPI stood at 3.0%. The disruption has created conflicting fallback mechanisms, with the Treasury and International Swaps and Derivatives Association using divergent methodologies that have distorted breakeven rates between Treasury Inflation-Protected Securities and inflation swaps.
10-31
10-26
Kyrgyzstan Selects BNB Chain for National Stablecoin and CBDC Deployment
Kyrgyzstan has confirmed the launch of a national stablecoin on BNB Chain and outlined plans for a central bank digital currency supported by a crypto reserve that may include BNB. The KGST stablecoin, pegged to the Kyrgyzstani som, will operate on BNB Chain infrastructure, with former Binance CEO Changpeng Zhao serving as a financial adviser to the government. BNB is currently trading around $1,119, consolidating above the 20-day moving average.
10-26