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Politics Take Center Stage Despite Heavy Data Week

10/01/2021

This week brought dozens of economic releases, but political headlines commanded the market’s attention and muffled any impact the data might have otherwise had. Yesterday, a government shutdown was averted when Congress passed a continuing resolution to provide funding through December 3rd. Although the resolution was made just hours before the midnight deadline, few actually expected a shutdown on top of an increasingly contentious debt ceiling battle that is fast approaching high noon.

 

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