Shutdown’s End Brings Key Economic Data Back Into Focus, Says Sevens Report
Shutdown’s End Brings Key Economic Data Back Into Focus, Says Sevens Report
US Stocks Gain as Dip Buyers, Hopes of Shutdown End Drive Rally
With an end to the record-breaking government shutdown in sight, traders are preparing for the return of key economic data releases. Over the past week, investors relied heavily on private reports, which suggested a softening labor market.
Official government data is expected to soon provide clearer insights into employment, inflation, and the broader outlook for interest rates.
“With the shutdown ending this week, it’s unclear at this point how quickly economic data will ‘catch up,’ but the fact that we will be getting key economic reports is a general positive for markets,” said Tom Essaye, founder of The Sevens Report.
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