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3 Numbers to Watch: Fed speakers, US CDS, shutdown
The US government shutdown means that we will not see the September employment report today. The release will be postponed, or if the shutdown persists long enough, perhaps even omitted altogether. There are only minor data releases today, with Europe’s and Germany’s recent producer price indices being the most notable. Unfortunately, both are bound to be non-events, and will just confirm that inflation remains at a very low level. As US politics has robbed us of the traditional Friday of fun with jobs data, I return the favour by discussing recent coverage of the shutdown. Fed speakers: There will be several ... (full story)