Shutdown Averted, Treasury Yields Flirt With 5%, Strong Payrolls Add to Fed Tightening Risk: The Week In The Markets

Benzinga · Oct 7, 2023 04:14

A week filled with significant events impacting the markets culminated in an unexpectedly strong September jobs report.

Government Shutdown Averted; House Ousts McCarthy:The U.S. Congress managed to avoid a dramatic government shutdown just hours before the midnight deadline Oct. 1 by passing a stopgap funding bill. This bill ensures the continuation of government operations through Nov. 17, excluding new funding for border security and Ukraine. On Tuesday, the House of Representatives made a historic decision to oust SpeakerKevin McCarthy, following a motion initiated by Rep.Matt Gaetz (R-FL) in response to McCarthy's collaboration with Democrats to prevent...

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Shutdown Averted, Treasury Yields Flirt With 5%, Strong Payrolls Add to Fed Tightening Risk: The Week In The Markets

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