USA Remain in Shutdown: Expert Warns of Weeks of Standstill - U.S. Government Shutdown Begins, Impacting 750,000 Employees and Market Data
A partial government shutdown in the U.S. has begun, impacting around 750,000 federal employees. The closure, which started on Wednesday, has led to accusations of 'sabotage' from the White House and warnings of potential stock market instability due to missing economic data.
The shutdown, which is ongoing, has been described as a result of 'very little' compromise from both parties, according to political commentator Andrew Koneschusky. He also mentioned Chuck Schumer, the current Senate Minority Leader, as a key figure in the negotiations. Despite the political tension, essential services such as air traffic control and healthcare remain operational.
The shutdown has already affected the release of crucial economic data. The Trump administration postponed the publication of Friday's jobs report, with potential consequences for other key indicators like inflation data. Financial experts caution that the lack of this data could negatively impact the stock market, as 'markets hate uncertainty more than bad news'. Wall Street, however, maintains a positive mood due to optimistic corporate forecasts in the field of Artificial Intelligence.
The shutdown, which could last weeks according to Koneschusky, is expected to continue until both parties reach a compromise. Meanwhile, the impact on the economy and the stock market remains a concern, with the potential absence of key economic data complicating the U.S. Federal Reserve's decision on interest rates.
