President Joe Biden plans to meet with congressional leaders Tuesday to discuss funding the government as a partial shutdown deadline looms on Friday.
Strong corporate results helped fuel S&P 500’s climb to new highs this year taking focus away from Fed’s path towards lower interest rates.
JPMorgan strategists observed consistent increase in allocation of US households and nonprofit organizations to equities nearing 41% this year.
Fewer people have filed their returns this year, the IRS reports. Also, Tax refunds remain markedly smaller than the same time a year ago.