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US shutdown brings risk aversion back
The first partial shutdown of the U.S. government in 17 years is likely to weigh on confidence, encourage the Federal Reserve to maintain its monetary stimulus program and leave risk aversion hanging over global markets, analysts say. U.S. lawmakers failed to reach an agreement over a federal budget to meet an October 1 deadline, triggering a partial shutdown of the government that involves federal agencies cutting back on services and leaves an estimated 800,000 federal employees facing temporary unpaid leave. Financial markets have braced for a shutdown in recent days as Congress bickered over a bill to fund the ... (full story)
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