Fed Still Poised To Cut Rates, But Worries Mount Over US Data Vacuum
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown.
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown.
What a difference a year—and an election—can make. Just last fall, the Securities and Exchange Commission was hammering major brokerage firms.
Top White House economic advisor Kevin Hassett on Monday predicted the government shutdown is “likely to end sometime this week.”
The government shutdown is now the third-longest federal work stoppage in US history and has no end in sight.
Fed governor Chris Waller said he is in favor of trimming interest rates by another quarter percentage point at the end of this month.
Both Treasury Secretary Bessent and US Trade Representative Jamieson Greer slammed China in a joint press conference on Wednesday.
The government shutdown entered its 16th day Thursday with no end in sight, tying it for the fourth-longest federal work stoppage in US history.