US government begins shutting down most operations as Congress fails to pass funding bill

  • Here we go!
White House US Govt Bars

This will be the first shutdown since 2018/19. As mentioned before, the real damage here is not so much an economic one but more so an operational one. This now throws the US data releases in the coming days in limbo, and perhaps for even longer. If you need some backdrop on all this, you can check out this post: US government shutdown the key risk event on the week

In short, we might not get any key data releases from the US this week. And yes, that includes the ever pivotal non-farm payrolls data on Friday.

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