Express
DowDuPont: US Government Shutdown Hurdle Over, Stock Market Awaits 'Just Weak Enough' Data
Summary: According to sources, DowDuPont's head of macro strategy, Michael Metcalfe, stated that further economic growth would be impacted if the US government continues to shut down. Fortunately, the hurdle of the government shutdown has passed, meaning economic growth will not be severely affected. Investors are awaiting job data that was not released due to the ...
According to sources, DowDuPont's head of macro strategy, Michael Metcalfe, stated that further economic growth would be impacted if the US government continues to shut down. Fortunately, the hurdle of the government shutdown has passed, meaning economic growth will not be severely affected. Investors are awaiting job data that was not released due to the shutdown, weighing whether the Fed will cut rates again in December. Metcalfe noted that for the stock market to continue its upward trend, the data must be weak enough to prompt a Fed rate cut, but not too weak to raise concerns about an economic slowdown.
Tags:
Link: DowDuPont: US Government Shutdown Hurdle Over, Stock Market Awaits 'Just Weak Enough' Data [Copy]
